Monday, October 30, 2017 12:30:20 PM
This morning, leading casino and resort stock, Las Vegas Sands Corp (NYSE:LVS), is declining lower by 0.79 to $60.93 a share. Last week, the casino giant reported earnings and the stock declined lower on the news. Traders should note that LVS stock is now trading below the important 50-day moving average. Anytime a stock trades below its 50-day moving average it is often viewed as a weak technical position for the equity. Traders must now watch the $56.75 level for major chart support. This is where the stock was defended in May 2017 before rallying to new highs. Often, when stocks backtest a major support level it will serve as important support again when retested. It looks like a good bet to own LVS stock around the $56.75 area.
Nicholas Santiago
InTheMoneyStocks
Recent LVS News
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
