Steady Trader Daily Hot Tech-Stock: Las Vegas Sands struggles

By serge berger — Author

Las Vegas Sands - LVS

I know, LVS is not a tech stock...but it is an interesting stock here at present juncture. The company reported an earnings miss on Wednesday and the stock slipped marginally on the day. However over the past eight months or so the stock has developed what increasingly looks like a big topping pattern, with the overshooting having taken place in early March. There could be a near-term play to short the stock back toward lateral support near $71.50, and below there downside really opens up. A move back above $76 would be near-term bullish.

Posted to Hot Tech Stocks to Watch on Jul 17, 2014 — 7:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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By Daniel Duque — 9 years ago

This is a great tool to learn the essence of swing trading! Must recommend!

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