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Thursday, October 22, 2009

Las Vegas Sands LVS Stock Technical Analysis

The following is technical analysis of Las Vegas Sands Corp. (LVS) stock for October 22, 2009

Las Vegas Sands Corp. (LVS) Support and Resistance Levels - 10/22/09

Resistance Levels - $17.30, $18.84, $20.73

Support Levels - $16.25, $14.38, $13.25


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Las Vegas Sands Corp. (LVS) is giving the 50 day moving average a strong test as you can see. I continue to like the stock as long as it remains over the 50 day moving average. Expect the buyers to flood back into the stock when it closes back over the 10 day moving average. If LVS would close below the 50 day, $14.38 must hold or the downside risk is large. For More Technical Analysis - Go Here

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