Gaming companies are really taking it on the chin today as more bad news is coming out of Macau, and revenues continue to fall. Shares of Las Vegas Sands Corp
. (NYSE:LVS) are no exception, as they are being taken down over 6%. LVS
has had a terrible 2014 and the stock has entered into bear
market territory, as it is down well over 20% from its high set back in March at $88.28. As a pro trader who studies charts on a daily basis, I have isolated an enticing level to go long Las Vegas Sands Corp
. (NYSE:LVS) at $56.50 area. That is where this stock broke out last year and surged higher. So as Las Vegas Sands Corp
. (NYSE:LVS) continues to fall, I would suspect that a retest of the break out level is imminent, and traders can roll the dice by going long to make money!
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