How about Las Vegas Sands(LVS) for a swing trade?

LVS has been down lately. But it seems to be moving up again the last few days. I think if it breaks $82 and holds, it might be worth a swing trade until they open up their new casino in Macao at the end of August. There should be a lot of hype as the opening date nears. Maybe the stock will start running again.

Overall fundamentals not so strong (not the leader in the group, group overall is languishing at 129, earnings are not the best). Yes, this was an excellent swing trade. I entered LVS at around 72.
On the daily there is the formation of a spring on 6/27 and also on the weekly (6/29). The stock goes down down but springs right back (like the balloon being pushed down inside water, the further it goes down the harder it is to keep it down analogy). This is followed by a short term uptrend and confirmation the next day and week.
Looking at the weekly this bounce occured off support from 6/30/2006 and 10/20/06 and recently from around 5/7/07.
Next level of resistance is around 80. Therefore the risk reward ratio (with a stop loss at 70 and with an upside potential at 80 short term) is 2:8 or 1:4 which is a good trade.
I will sell this swing trade based on how it responds to resistance around todays range next week.

Well it made it past par. LVS is running. Up over 23 points in just a few weeks. I'm been reading about gaming stocks and most say to sell the stock before they open up a new casino because the stock tends to sell off. I think this should still be a good swing trade for another 2 weeks. I think the stock is a good long term play as well. I think stocks with casinos in Macao have a good future. I might buy some shares of MPEL after they report. Good luck.

LVS has had a heck of a run from $80 to $130 in such a short time. I think it might have gotten ahead of itself. I'd take at least some profits now. Don't get too greedy.

wow its a great swing trade , less than 2 months , missed out on this one,thought it was expensive at 82.

whoever got even 100 shares would have made a great deal on this today.(touched 130)

unlucky mehttp://onlinetradersforum.com/styles...foro/clear.png