By: Scott Redler
Las Vegas Sands (LVS) has been very good to us over the past few years. The most recent move for us was from 19 to about 24, and we feel it is gearing up for a similar type move. As the economy continues to improve, Las Vegas will likely have a somewhat parallel resurgence. From a technical perspective, the chart looks outstanding.
The market pulled off 14%-15% and this stock held up well, setting up a new symmetrical pattern. I am long tier one right now, and will add for a momentum move through 25 for a trade back to new highs. Place your stop at 24.25 if you buy.
