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LVS Breakout

Posted by StockBuz on January 23, 2012 at 2:38pm
The size/length of this triangle imply many months in the market for a great return. LVS has been *stuck* between the 23.6-38.2% fib. for a year and this breakout should take it above the 38.2 level over the next 2-4 months. I am long this name as a drawer stock and will add shares if it comes back to test breakout support near the 50d. It is oversold on a monthly view so I plan to take partials and add back on future weakness as a long term investment.

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Tags: long-ideas, lvs
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