Las Vegas Sands (LVS) Drops After Earnings

Las Vegas Sands Corp. (NYSE:LVS) is trading sharply lower after reporting earnings. The stock is trading lower this afternoon by $3.34 to $42.54 a share. The stock will have some minor intra-day support around the $42.00 level. LVS stock is now trading below the daily chart 50 moving average which puts the stock in a weak technical position. This formation could cause the stock to see further downside in the coming days.

Wynn Resorts Ltd. (NASDAQ:WYNN) is trading lower is trading lower this afternoon by $2.84 to $143.24 a share. MGM Resorts International (NYSE:MGM) is trading higher this afternoon by $1.37 to $14.26 a share after reporting a smaller than expected loss. The stock is now extended on the daily chart and may need to consolidate or pullback before trading higher.

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Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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