May 13, 2013 (52 Week high-lows via COMTEX) -- Shares of Las Vegas Sands (NYSE:LVS) traded at a new 52-week high today of $58.67. This new high was reached on below average trading volume as 3.1 million shares traded hands, while the average 30-day volume is approximately 5.3 million shares.
Las Vegas Sands Corp. owns and operates the Venetian Casino Resort and the Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao Casino in Macau, China. The Company is also in the process of developing the Palazzo Casino Resort in Las Vegas and the Macao Venetian Casino Resort in Macau. Las Vegas Sands is also seeking to develop gaming properties in other countries.
In the past 52 weeks, shares of Las Vegas Sands have traded between a low of $34.72 and a high of $58.67 and are now at $58.55, which is 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.2%.
Potential upside of 2.0% exists for Las Vegas Sands, based on a current level of $58.55 and analysts' average consensus price target of $59.73. The stock should discover initial support at its 50-day moving average (MA) of $54.46 and subsequent support at its 200-day MA of $48.11.
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