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Will Investors Notice Exciting Sign On Las Vegas Sands's Chart?

Benzinga logo Benzinga 9/26/2022 Benzinga Insights

If history is any guide, there may be good fortune ahead for shares of Las Vegas Sands (NYSE:LVS). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.

That just happened with Las Vegas Sands, which is trading around $39.97 at publication time.

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Remember: Seasoned investors don't blindly trade Golden Crosses.

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Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible long positions.

With that in mind, take a look at Las Vegas Sands's past and upcoming earnings expectations:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate -0.27 -0.25 -0.21
EPS Actual -0.34 -0.4 -0.22 -0.45
Revenue Estimate 976.10M 1.11B 1.05B 1.29B
Revenue Actual 1.04B 943.00M 1.01B 857.00M

Also consider this overview of Las Vegas Sands analyst ratings:

ratings © Provided by Benzinga ratings

Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!

This article was generated by Benzinga's automated content engine and reviewed by an editor.


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