Las Vegas Sands, Corp. or LVS (as listed in the New York Stock Exchange), is the owner and operator of renowned hotels such as The Venetian Hotel Casino, the Four Seasons Hotel, and the Sands Expo and Convention Center in Las Vegas and Macau, as well as current developer of Marina Bay Sands in Singapore and Sands Casino Resort in Bethlehem, Pennsylvania. Anyway, their stocks had been moving in an ascending channel since January of 2009 and could ascend further. However, there could be some selling pressure at the 1-year resistance at $27.20. If the $27.20 price mark gets breached, the stock could head all the way up to the psychological resistance at $30.00. On the flip side, if the LVS stocks decline, it could drop back to the $22.25 support. If that mark doesn’t hold, it’s price could slide further down to the ascending channel’s support. A break of this could send the stocks down at least at $20.00. But as long as the channel remains intact, it would more likely continue heading north.
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