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Tuesday, May 15, 2007 

Stock alert - VVR ready to breakout ?

Chart courtesy of stockcharts

Las Vegas Sands Corp. shares were down 0.38% to 77.97$ today, even after BMO Capital Markets upgraded the company from "market perform" to "outperform". Looking at the technical chart, stock is near to enter again in oversold territory and it's seems to me that is ready to bounce off of recent lows, maybe has found some support level at around 77$ per share, we must pay attention to this level if it will sustain the selling pressure. Keep an eye on LVS.

Chart courtesy of stockcharts

Keep an eye on VVR for a possible breakout over 8,90$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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