Stay long in LVS. Strong support at 50SMA, resistance line and also the 61.8 FIB line.
Casino sector is getting stronger as seen by the trading action of MGM whose volatility is declining.
LVS has strong fundamentals. MACAU earnings are going to be impressive as evident by the steep increased in gaming revenue in November and December.
LVS has good casino management as compared to MPEL, we cannot compare MPEL whose lackluster performance resulted in the bearish Casino sector.
Stochastics are moving upwards, crossing the 20 level.
BUY LVS at $16.5
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