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Watch for Las Vegas Sands to Potentially Pullback After Gaining 1.02% Yesterday

By Shiri Gupta

Las Vegas Sands (NYSE:LVS) traded in a range yesterday that spanned from a low of $71.03 to a high of $71.72. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $70.15 on volume of 1.2 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 October 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.67. Since that recommendation, shares of Las Vegas Sands have risen 16.7%. 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 $71.72 and a 52-week low of $51.16 and are now trading 40% above that low price at $71.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

Keywords: rebounders Las Vegas Sands

Ticker(s): LVS