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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:15 EDTMPELMelco Crown falls, levels to watch
Price was last at $37.01, down over 6.7%. The move down this morning decisively breaks uptrend line support at the 50-day moving average, last at $39.21. This is intermediate-term price bearish. At current price, next support is at $36.11. Resistance is at $38.16.
News For MPEL From The Last 14 Days
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August 21, 2015
07:17 EDTMPELMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTMPELMacau GGR poised to sink 37% in August, says Bernstein
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