LVS Watch

The gambling giant Las Vegas Sands (LVS) is trading more than 4% above Tuesday's close on an analyst release raising the price target by $6 to $40. This comes a day after a major analytical signal moved the bear phase, showing that news trumps technical analysis every time.

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
LVS $32.90

The bear phase on Person's Proprietary Signal remains in place, although the fast stochatsic and the macd have reversed course.

In general, I like this stock as uptrender. I wrote about last on Sept. 1 and Aug. 27.

Now, the fundamentals for LVS are OK, but weak in some categories. The debt to equity ratio is lower than I like. The return on equity is negative, nearly 6%. The current ratio, which measures liquidity, is a bit on the low side.

On the other hand, revenues have grwon by an average 28% a year for the last four years, the price to sales ratio is within my guidelines, and the stock is 88% owned by institutions, far above my minimum liking.

On the Person's table, today's 4% rise intraday has pushed the price above the first weekly upper pivot.

Person's Table

	pps	pps open	upper pivot	lower pivot
$		$32.20 sep21	$33.36 +1.4%	$31.33 -4.8%

Today's rise produced a swing high on rising volume, always a good sign. And the stock is trading above both Tuesday's swing low and the 20-day moving average.

Reversal Levels

• $32.97, +0.2% (swing high)
• $32.90 <== You are here.



• $31.45, -4.4% (swing low)



• $30.79, -6.4% (20-day ma)

The risk-taker who exited the stock on the fast stochastic bear phase Sept. 17 will re-enter based on the strong price push, the volume and the fast stochastic bull phase today. The more cautious trader will wait for the Person's Proprietary Signal to reverse back into bull phase. Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

Abbreviations:

• pps - Person's Proprietary Signal.
• psar - Parabolic Stop and Reverse
• ma20 - 20-day moving average
• ma200 - 200-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways.
• sto: green for bull, red for bear.
• sto zone: green for overbought (80+), red for oversold (20-), yellow for neutral zone
• psar, pps, macd: green for bull mode, red for bear.
• macd trend: green for rising, yellow for sideways, red for falling.
neutral.
• ma20, ma200: green for above the average by more than 1%, red for below the average by more than 1%, yellow for within 1% either side of the average.