Long Position on LVS @ $63.60 on 9/21/2017 (Momentum)

Las Vegas Sands Corp. (LVS) develops, owns, and operates integrated resorts in Asia and the United States.

It owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, The Parisian Macao, the Four Seasons Hotel Macao, Cotai Strip, the Plaza Casino, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

The company also owns and operates The Venetian Resort Hotel Casino and The Palazzo Resort Hotel Casino on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.

Its integrated resorts include accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities. 

Shares have formed a bullish "cup and handle" and ar expected to move higher out of this formation shortly.

52-Weeks Trading Range: $51.35 - $66.22

Entry Point: $63.60

Stop Loss: $60.40

Target Price: $70.00

Updates

10/30/2017 1:34:15 PM

LVS closed at $61.70

Position closed on 10/30/2017 at price of $61.70 with a -2.99% loss in 39 days.

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