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PaperBozz

$LVS - Watch out for Head and Shoulder

Las Vegas Sands Corp. (NYSE:LVS)  
PaperBozz  
NYSE:LVS   Las Vegas Sands Corp.
Chart Patterns
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chartpattern
LVS is in a Head and Shoulders pattern and bounced from the neckline last week. The neckline, which is at $53, is a critical area. If it breaks, we may see further breakdown to the $48, $45, and $40 areas.

On the other hand, breaking above $61 would be bullish and invalidate the Head and Shoulders pattern.
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