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Stock Market & Financial Investment News

News Breaks
June 10, 2014
10:29 EDTLVSLas Vegas Sands falls, major bearish pattern close to triggering
The stock is down another 2% today following a downgrade at UBS to Neutral and a price target cut to $79 from $88. The firm cited a slowdown in VIP spending in Macau as a reason for the recommendation change. At the current price of $71.38, there is a large potential bearish price pattern close to triggering. That pattern is a complex, multi-shouldered, head and shoulders top. The neckline for the pattern is at the $71 area, and has already triggered if looking at a chart on a closing basis only. The pattern has downside potential to the $55 area. Resistance is currently at $73.18. It would take a move above one of the shoulders at the $77 area to void the pattern.
News For LVS From The Last 14 Days
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July 25, 2014
09:32 EDTLVSNevada reports June statewide gaming win up 14.4% to $906.9M
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July 17, 2014
09:40 EDTLVSActive equity options trading on open
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