Resort and Casino Leader Showing Relative Strength Near Highs
Las Vegas Sands (LVS) shares are quietly coiled up again in a high tight bull flag near the 57.50 level and managed to close strong at highs today in a weak end of day market selloff. LVS has held the top of monthly value area all of February and now with a new month starting has a breakout trigger above new value area at 58.25. A move higher can see the 61 and 62.70 target’s overhead from VPOC’s last year as the stock continues to trend higher. A close under 55.50 is a good tight stop level to manage risk.