Thursday, April 25, 2013

Las Vegas Sands Looking Strong

Las Vegas Sands (LVS) is having a great day up over 3% and currently trading at $56.50 per share. Yesterday shares crossed above and closed above the 21-day moving average at $54.35. Today shares took out trend line resistance at $56. Watch for resistance around $56.80. At this level sits the top of the bollinger bands and shares traded down in late March when hitting this level. I would use any pullback off this level as a buying opportunity for a near term move higher off strong earnings. Click for a larger view.

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