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LVS Hits Upper Channel and Creates a Pullback Scenario

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October 14, 2013 – Comments (0) | RELATED TICKERS: LVS

Las Vegas Sands (LVS) has made a huge run of late and now hitting the upper channel which could signal a pullback to $64.

The stock is heavy and while I thought in Late September I never thought it would rise above $65, it has reached a boiling point now t hat suggests the bulls will be inclined to take profits here. 

Here's the LVS Technical Analysis:

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