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StockSignaler
Dec 8, 2016 9:52 PM

MORE DOWN DAYS TO COME FOR LVS Short

Las Vegas Sands Corp.NYSE

Description

Historically when LVS surpasses this RSI level, the stock drops at least one more percent over the next few weeks. In fact the minimal drop is 2.93% with an average drop of 6.17%. The bottom of the trend channel is well beyond the 6% but my conservative play is a drop to the 53 milestone which would net around 3% and most likely around 30% with a PUT option.

Historically singular large drops for LVS are not isolated incidents and the stock continues downward in the immediate days following a shock drop like the one that occurred on Dec 8, 16.
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