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Las Vegas Sands Falls 2.81% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $44.56 to a high of $46.19. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $47.42 on volume of 2.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Las Vegas Sands and will alert subscribers who have LVS in their portfolio or watchlist when shares have changed trend direction.

Las Vegas Sands share prices have moved between a 52-week high of $74.29 and a 52-week low of $33.30 and are now trading 36% above that low price at $45.13 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.4%.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS