Las Vegas Sands Corp Stock Code LVS.NYS
Outlook
Price broke below the cloud two trading sessions ago and that has changed the chart outlook from bullish to bearish. Conversion and Base lines had a bearish crossover, hinting of a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is bullish but is turning down after a bearish crossover. MACD is moving lower and hinting of a bearish price trend. We think price is likely to decline to the previous low at $35.48 in the next 2-3 weeks.
Strategy
$38.50 Short Sell
$35.50 Price Target
$39.80 Risk Management Stop
3 weeks Trade Duration
