Las Vegas Sands: Gaining Momentum amid Promising Developments
December 13 2021 - 11:55AM
TipRanks
Las Vegas Sands (NYSE: LVS) is a Nevada-based integrated
casino and resort developer with operations in America and Asia. I
am bullish on the stock. (See Analysts’ Top Stocks on
TipRanks) Positive News on Hong Kong Restrictions Gambling stocks,
including Las Vegas Sands, have formed a short-term momentum
pattern as Hong Kong's Chief Executive Carrie Lam was quoted
saying that the city will prioritize quarantine-free business
travel after the border with mainland China re-opens. Since the
announcement last week, Las Vegas Sands stock has gained by
nearly 10%, in turn breaking through its 10-day moving
average and out of the oversold RSI (Relative
Strength Index) territory. U.S.
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Las Vegas Sands (NYSE:LVS)
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Las Vegas Sands (NYSE:LVS)
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From May 2021 to May 2022