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

By Nick Russo

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.

Over the past year, Las Vegas Sands has traded in a range of $34.88 to $65.80 and is now at $65.71, 88% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

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.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS