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SmarTrend Watching for Potential Rebound in Shares of Las Vegas Sands After 1.44% Loss

By Shiri Gupta

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $67.36 to a high of $68.29. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $68.47 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Las Vegas Sands on June 26th, 2018 by issuing a Downtrend alert when the shares were trading at $76.60. Since that call, shares of Las Vegas Sands have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Las Vegas Sands share prices have been bracketed by a low of $59.16 and a high of $81.45 and are now at $67.44, 14% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.1%.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS