Las Vegas Sands Falls Under Support
Posted by Blain Reinkensmeyer
December 22, 2006 at 2:10 pm
Today’s movement puts Las Vegas Sands (LVS) under a key support lines. Also look at the volume on the stock, today is set to be a distribution day. Next support is around the 50 day moving average, or the blue line at around $85. Keep a close eye on LVS.
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how did the daily volume finish? if the volume was higher then the day before but below the 50 day moving average is that considered a distribution day?