Las Vegas Sands (LVS) defends support

There is some interest in Las Vegas Sands (LVS)

Las Vegas Sands (LVS) holds supports to set up rally to resistances

LVS dipped to where it needed to - the rising 26-, 40-, and 200-week moving averages (WMAs) near 46.68-45.49 as well as within the 38.2% and 50% retracement zone at 47.40 to 44.11. After testing this support, the stock is set up to rally back to the 2024 and 2025 YTD highs near 55.65-58.05, where an upside break would signal potential to the next resistance at 65.58 (2023 high) and 66.77 (2021 high).

LVS could be forming a head and shoulders bottom relative to the S&P 500.

Chart 1: Las Vegas Sands (LVS) (top) and relative to the S&P 500 (bottom)