Looks okay here, but
LVS might pull back if broader market pauses or enters downturn in early June.
Pivot points to note: S1 pivot is approximately $55.80; R1 is $59.20
YTD linear regression line currently at $61. Linear regression in uptrend which reflects recovery form late January sell-off.
I wouldn't describe it as drastically oversold at this level. For long-term investors, a half position at this time would be interesting.
I purchased shares in an IRA account because I felt my cash levels were too high.
Pivot points to note: S1 pivot is approximately $55.80; R1 is $59.20
YTD linear regression line currently at $61. Linear regression in uptrend which reflects recovery form late January sell-off.
I wouldn't describe it as drastically oversold at this level. For long-term investors, a half position at this time would be interesting.
I purchased shares in an IRA account because I felt my cash levels were too high.
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