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Las Vegas Sands Set to Possibly Pullback After Yesterday's Rally of 1.25%

By James Quinn

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $65.32 to a high of $65.83. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $65.59 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Las Vegas Sands on March 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.97. Since that recommendation, shares of Las Vegas Sands have risen 16.1%. We continue to monitor LVS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Las Vegas Sands share prices have moved between a 52-week high of $65.80 and a 52-week low of $34.88 and are now trading 88% above that low price at $65.71 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS