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Thursday, August 16, 2012

LVS

$LVS has been a long time favorite of mine and I have followed this stock for over 4 years.  Over the past year and a half whenever it has dipped below the $40 range it always bounces back.  Today was a nice breakout above that $40 range on above average volume.  Only resistance I see is the 50 day ($41.44) and should see a continuation of an upward trend if the market doesn't sell off.  RSI is still near oversold territory, MACD is pointing north, and the PEG ratio is under 1 at .98.  Still a buy to me.  Like this to mid 40's.  Holding December $40 calls.

 *Leisure stocks can tend to be a bit versatile so make sure you have a tight stop if you are not willing to lose to much.

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