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Stock Market & Financial Investment News

News For MPEL From The Last 14 Days
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July 1, 2015
10:01 EDTMPELMelco Crown breaks downtrend resistance, levels to watch
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06:48 EDTMPELMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMPELMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTMPELMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMPELMacau appears to re-lengthen visas to 7 days, says Brean Capital
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10:01 EDTMPELHigh option volume stocks
High option volume stocks: DEO PE BPOP PNR JUNO OFG CMPR MPEL
10:00 EDTMPELMelco Crown spikes higher, levels to watch
The stock is up over 7.5% to $19.25 at time of writing on very heavy volume. At current price next resistance is at $19.39, the session high, and then $19.90, the 50-day moving average. The 50-day is a good proxy for a downtrend resistance line and a break above it would be bullish. Support is at $18.98.
June 19, 2015
07:38 EDTMPELMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).

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