Las Vegas Sands ( LVS ) is one of the hottest stocks on the NYSE today and in the over all stock market. MGM Mirage set the tone with their earnings this morning and LVS has been spiking on higher volume off its low from yesterday.
Day Trading Las Vegas Sands ( LVS ) - October 29th, 2008.
As I write this blog, LVS just hit $7.99 up around 60%. There is support around $7.30...and then $6.70. A break below $6.70 would be bearish in my opinion and i'd look to reload at $6. If Las Vegas Sands can close over $8 today, I think it could retest $9 and above at its 10 day moving average.
Be careful though, we are in a volatile bear market so use your stops and be disciplined!
Here is a chart of LVS.