Las Vegas Sands Falls Under Support
Posted on Fri 22nd Dec, 2006 02:10:30 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.
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?