arelkin

LVS - Looking to Breakout to Previous Highs

BATS:LVS   LAS VEGAS SANDS CORP
114 1 0
Potential breakout on the horizon for LVS             . Price has been consolidating after a strong breakout. Supported by 8 dma and trend line . Look for a break of the upper descending trend line then through it's 52-week high at $73.49.

Historically, LVS             has presented a strong amount of Relative Strength to the market so I expect this trend to continue as long as the market can hold up.

December option plays should pay nicely given the current levels of volatility .
Just Closed LVS Dec 70/75 Call Spreads for $4.57. Paid $1.65.
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