Focus Stocks

Trading Idea: - Is Las Vegas Sands close to Resistance?

New York, February 6th (TradersHuddle.com) - Shares of Las Vegas Sands Corp. (NYSE:LVS) are trading very close to calculated resistance at $55.94. The stock ended the trading session at just $54.73, which is near levels that make it difficult to buy or start a position.

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 range is defined by its calculated support defined at $50.90 and by the resistance level at $55.94; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Las Vegas Sands. However, as the stock pulls back towards $50.90 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $55.94 then traders will get an opportunity to enter the stock as it moves to a higher range.



Related Articles

    Related Partner Headlines

      JIM CRAMER wants to work for YOU. JIM does the research -- YOU get email alerts each time he trades. JIM provides access to his actual portfolio -- YOU can use it to guide your portfolio strategy. Try Jim's Action Alerts PLUS for FREE!

      TradersHuddle Search

      Stock Search:

      Site Search:

      Recent Trading Ideas

      Latest Partner Headlines

      Stock Market

      Loading
      Chart
      o Dow Jones 17,712.66 ▲34.43 (0.19%)
      o S&P 500 2,061.02 ▲4.87 (0.24%)
      o NASDAQ 4,891.22 ▲27.86 (0.57%)
      INDEXDJX:.DJI

      Dow Jones

      Company ID [INDEXDJX:.DJI] Last trade:17,712.66 Trade time:4:33PM EDT Value change:▲34.43 (0.19%)
      INDEXSP:.INX

      S&P 500

      Company ID [INDEXSP:.INX] Last trade:2,061.02 Trade time:4:33PM EDT Value change:▲4.87 (0.24%)
      INDEXNASDAQ:.IXIC

      NASDAQ

      Company ID [INDEXNASDAQ:.IXIC] Last trade:4,891.22 Trade time:5:16PM EDT Value change:▲27.86 (0.57%)
      Copyright © 2013 TradersHuddle.com. All Rights Reserved.