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Trader and Analyst for years in stocks, futures and options. Trading based primarily, but not only, in technical analysis in strategies for median, short and long term.
  • Las Vegas Sands After Earnings 2 comments
    Jul 29, 2012 10:50 AM | about stocks: LVS

    After the bell on Wednesday July 25, Las Vegas Sands (NYSE:LVS) reported its earnings for 2Q2012.

    Sands earned $240.6 million, or 29 cents a share, on the period, down from $367.6 million, or 45 cents a share, in the same quarter of 2011. The company would have earned 44 cents a share, down from 54 cents a share. Revenue rose 10.1% to $2.58 billion. That was well below analysts' expectations of 60 cents a share on revenue of $2.77 billion.

    The subsequent sell-off in after hours, leaves the stock to a minimum close to 34.5. At the opening of July 26, reached a minimum lightly upper this number. Beginning from there, a rally until the close. Nevertheless, did not be able to surpassing the maximum of the day.

    See intraday chart.

    (click to enlarge)

    Looking at weekly compression chart, we see a support area at 36 for almost two years, that it was violated today intraday. Although, closing above this support.

    (click to enlarge)

    Looking close at daily chart, we have better image.

    (click to enlarge)

    From a technical standpoint, the stock is in a decision area. If remains above 36 the stock price can rebound from this level, and if break this area would signal a bearish call with 36 now as resistance.

    Update: Last Friday, LVS opened above 36 and closed at 36.77.

    Looking forward, if Monday opens above 36 but not of 37, one possible strategy would be to buy a strangle, buying a call 37 and a put 36 for protection in both sides, other strategy would be, buy the stock with stop loss if close below 36, or just buy a call.

    Risk Disclaimer: The opinions contained herein are for general information only and not tailored to any specific investor's needs or investment goals. Any opinions expressed in this article are as of the date indicated. Past performance is not necessarily indicative of future results.

    Disclosure: I am long LVS.

    Themes: Resort Casinos Stocks: LVS
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  • chocolate1995
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    26 Jul 2012, 10:48 PM Reply Like
  • FullTrader
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    Author’s reply » Thanks you. I hope it helps your trade.
    27 Jul 2012, 08:35 AM Reply Like
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