Las Vegas Sands Corp. (LVS) Stock Analysis

By Tim - http://stockstobuy.org

Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp.(LVS) is trading at $49 this morning as the stock continues to form a flag formation on the chart. Las Vegas Sands Corp is currently in consolidation after the large move we've seen all year. Many fast money traders have been shorting Las Vegas Sands in hope that the stock will eventually plummet. If you are shorting Las Vegas Sands right now, you better have a tight stop. While this trade can be very profitable, you can also lose a lot of money.

Las Vegas Sands will now have resistance on the upside located at $50 as well as $52.08. If LVS breaks above $52.08, you will not want to be short. On the downside, if Las Vegas Sands closes below $47.50, you will not want to be long. I expect LVS to trade between $47.50-$52.08 until it figures out which way to go next.

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