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.