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New York, November 28th ( - Las Vegas Sands Corp. (NYSE:LVS) closed the trading day at $46.36, near its 50 day and 200 day moving averages set at $44.86 and $47.56 respectively. Las Vegas Sands' price action placed the stock above the 50 day moving average but below its 200 day moving average, providing a nice trading setup with clear reference points.

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 seems to be setting up for a tight range between the 50 day moving average as support and the 200 day moving average serving as resistance.

A tiered approach appears to be the best way to maximize possible movements in the stock, as traders could establish a small position in Las Vegas Sands and wait for the stock to break out above the 200 day moving average at $47.56. Then they could add to the position as momentum builds with the breakout. On the other hand, if support being referenced at the 50 day moving average set at $44.86 breaks, it could signal further downside for Las Vegas Sands in the horizon.

Stock Market

o Dow Jones 16,472.37 ▲200.36 (1.23%)
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Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,472.37 Trade time:4:49PM EDT Value change:▲200.36 (1.23%)

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Company ID [INDEXSP:.INX] Last trade:1,951.36 Trade time:4:49PM EDT Value change:▲27.54 (1.43%)


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