Roll Snake Eyes With Las Vegas Sands (NYSE:LVS)
InTheMoneyStocks.com | Sep 17, 2014 12:52AM ET
Las Vegas Sands Corp (NYSE:LVS) is a leading casino operator who has had a rough 2014. The stock topped out in March, at $88.28 and has been steadily selling ever since. This points to major problems in Macau where most of their business is conducted. As you can see from the chart below, I have isolated a prime level to trade Las Vegas Sands Corp. on the long (buy) side. As you can see, LVS has a weekly gap fill, 200 Moving Average and 618 fib retrace. Therefore, to an active investor and trader like myself, this level is a no brainer long play for a straight shot down. Knowing and recognizing the best and most optimal points to enter a trade is of utmost importance. I know that by reading the charts properly I can achieve a high win to loss ratio, this means I have financial freedom and you can do the same.
BY Evan Poechman
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