LVS (Las Vegas Sands) Stock Chart

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This chart looks pretty dirty. There is strong  support where it is right now. It filled back the gap from October 2011. It is now hanging out at that level. I would add some shares at this price and some again if it comes down to $36.04. Watch that level carefully. If it gets taken out he can go much lower. The stock is oversold so it most likely will  bounce. I think that it will probably base for a few months just like it did from December 2011 till December2012The stock has come down about 20pts in just a few months. So in conclusion, lets watch those 2 major support lines. if it starts to take out the support on high volume then this may be a short. In the meantime it does pay a little dividend so you can collect that as it bases out.