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Watch for Las Vegas Sands to Potentially Pullback After Gaining 4.69% Yesterday

By Amy Schwartz

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $55.81 to a high of $57.54. Yesterday, the shares gained 4.7%, which took the trading range above the 3-day high of $55.57 on volume of 2.4 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 $47.39 to $69.60 and is now at $57.36, 21% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.1%.

SmarTrend is monitoring the recent change of momentum in Las Vegas Sands. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Las Vegas Sands in search of a potential trend change.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS