Rob Witt
Las Vegas Sands Corp (LVS) has been straight sideways recently and the indicators confirm this. The ADX trend strength indicator is at 9 and the MACD has not really moved up or down in days. Today LVS made its first attempt at breaking through support as it moved through 46.98 but could not hold. If it can hold above that level it could go to 49.00. Support sits at 45.60. LVS might stay in this range until earnings on May 3, 2011 and if it does that day will determine the direction of the stock.
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