Above Resistance - Las Vegas Sands | Trading Ideas

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Above Resistance - Las Vegas Sands

Published on Tuesday, 07 February 2012 09:04 Written by TradersHuddle Wire

New York, February 7th (TradersHuddle.com) - Shares of Las Vegas Sands Corp. (NYSE:LVS) closed the trading session at $51.48 just above calculated resistance at $50.68 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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' stock was trading in a well defined range with support at $41.77 and resistance at $50.68, given that this range was broken traders will be closely monitoring the stock

Note - Automated Content Created By TradersHuddle's Technical Scanner

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