Las Vegas Sands - 52 Week High

Published on Monday, 06 February 2012 12:34 Written by Christopher Lynn

New York, February 6th (TradersHuddle.com) - Shares of Las Vegas Sands Corp. (NYSE:LVS) booked a new 52 week high today by trading above $51.96, traders are definitely monitoring Las Vegas Sands' price action to see if this move attracts further buying into the stock.

Las Vegas Sands Corp. (NYSE:LVS) owns and operates casino resorts and convention centers. The Company operates in United States, Macau, and Singapore and offers a wide range of gaming activities and entertainment as well as overnight accommodations in properties like the Venetian and the Palazzo in Las Vegas, NV. Its expo centers host a wide range of entertainment shows, expositions, and other activities.

Las Vegas Sands is currently trading 0.48% versus its previous trading session close, and it has calculated support and resistance at $41.77 and $50.68 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.24% from its previous trading close, which means that Las Vegas Sands stock is outperforming the overall market.