Investment in Casino Stocks Series I: Las Vegas Sands

Las Vegas Sands Casino stock has been doing very well past year. It has been making newer highs with higher lows, which is a very positive trend for any stocks. See the one year chart with several trend lines based on the technical analysis. The descending trend
lines that were formed during past several months have been broken out and now signals Bullish going forward. However, I would not recommend buying LVS at this moment as it is trading in the high $18 range. There will be a pull back as marked by red circle in the chart below. A good time to enter would be below $17 and possibly around $16.50 range. If the stock market continues to go higher as it has been, then expect this stock to easily reach $20 and make a newer high.