Bull & Bear: Las Vegas Sands (LVS)

Shares of Las Vegas Sands Corp. LVS are trading higher on the session by 2.35%, at $44.48. With shares having regained the 50-day moving average, you have to wonder where shares could be heading next… Bulls: Bulls will note that shares have recently tested the 200-day moving average and (more or less) held it. Shares have since bounced above the 200-day, 50-day, and 20-day moving averages, indicating that bullishness still prevails. A move above the $45.00 level would confirm that the bulls are firmly in charge. A bullish trader could consider buying June $45/50/57.50 call tree for a net debit of $1.42. This is a cheap bet that shares continue higher. Note that gains trail off after Las Vegas Sands rises above $57.50. Bears: Bears will note that, despite the recent snap-back rally in shares Las Vegas Sands, they have failed to solidly regain the $45.00 level, which is still resistance. The recent trend in the shares also marks the first time in over a year that the 50-day moving average is downward-sloping; this could be indication that a longer-term bear trend is in the beginning stages. A bearish trader could buy the September $44/50 risk reversal for a net debit of $1.90 (Buy the put, sell the call). This would be a cheap way (4.26% of shares) to voice a bearish opinion on Las Vegas Sands. Las Vegas Sands Corp., incorporated in August 2004, owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino and The Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, Cotai Strip and the Plaza Casinoin the Macau Special Administrative Region of the People's Republic of China. Its segments include The Venetian Las Vegas, which includes the Sands Expo Center; The Palazzo; Sands Bethlehem; Sands Macao; The Venetian Macao; Four Seasons Macao; Other Asia, and Marina Bay Sands.