Las Vegas Sands Is Worth a Gamble

This commentary was originally sent to Trifecta Stocks subscribers at 05:30 on April 21.

A nice double bottom is in place for Las Vegas Sands (LVS) from February. Since then, the stock has been riding up the moving averages on some decent turnover.

A series of higher highs and higher lows creates a bullish trend, but exceeding resistance is more important.

The stock had trouble mounting a rally past the January high. But now it has cleared it, and now the big down in December is being challenged.

The short-term momentum is strong here, and we think this stock is heading toward the mid $60s soon.

The moving average convergence divergence (MACD) has just turned to a buy signal.

DISCLOSURE: Trifecta Stocks has no position in LVS. This Alert is a technical analysis of the company's chart, and we are not taking any action in the stock at this t
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