Las Vegas Sands: Rolling The Dice For Higher Prices

One of the hardest-hit industries during this pandemic has been hotels. Las Vegas Sands really took it on the chin when one of its main revenue sources, Macau, completely shut down for a couple of months before the pandemic closed the US. Like everyone else, Sands must adapt to a changing environment.

High volume selling in the spring knocked the Sands stock back hard. Since then, a series of higher highs and higher lows have pushed the stock back up to the 200ma. A move higher was firmly rejected (arrow), and the stock suffered a sharp pullback to the lower Bollinger band. Now the MACD is signaling “buy”. Perhaps we’ll see the stock move up to that 200 ma again, make a higher low in the chart and then slice through resistance towards pre-pandemic levels.

While this name doesn’t have the “all clear”, if economies continue to slowly open up the stock will rise once again.

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