Tuesday, April 24, 2012

Chart of the day LVS morning thread


LVS has been declining on decreasing volume.  Although there is nothing that resembles a washout, this appears to be a low risk buy on a stock that has done rather well. It bounced off the 50 dma yesterday. You could put your stop just below today's low of 55.96.  I have missed this whole run and it is possible also that this is a top as it has broken trend.