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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Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here.
Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader