$LVS Classic Topping Tail

Las Vegas Sands Corp. (NYSE:LVS) surged in early trading, only to give it all up into the close. The stock hit a new 52 week high early and then was blasted lower as the markets fell on worries about the debt ceiling. The stock is extended and finally today has put in a topping tail. A topping tail is a technical signal of a top. Look for downside in the coming days. It is interesting to see this sell signal appear just days before Las Vegas Sands releases earnings on Thursday, October 17th, 2013.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com