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Stock Market & Financial Investment News

News Breaks
August 6, 2014
15:18 EDTMPELMelco Crown technical remarks ahead of earnings
In the prior three months the shares have broadly underperformed the broader averages, falling over 16% including today's drop in price. The move today has put the shares right at the $30 area, which is critical for the longer-view technical health of the shares. While there has been a sharp decline from peak price earlier this year at $45.70, a breakdown below $30 would turn the long-term trend to bearish. If there is negative news, particularly concerning Macau operations where the company is heavily focused, the shares could fall further. Next support below $30 would be at $28,74, $26.53, and $25.53 which is the 52-week low. If the news is better than expected, resistance levels to watch as potential upside objectives would be at $31.97, $35.31, and $36.84. There is a minimal short-base in the name which could exacerbate downside in the event that news is more negative than anticipated.
News For MPEL From The Last 14 Days
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December 19, 2014
09:04 EDTMPELMelco Crown identified as top 2015 gaming pick at Sterne Agee
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December 17, 2014
11:09 EDTMPELMacau gaming facts in SCMP article are not new, says JPMorgan
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December 16, 2014
15:37 EDTMPELChina to start crackdown on illicit funds to Macau, SCMP says
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December 9, 2014
13:06 EDTMPELMelco Crown management to meet with Sterne Agee
Meeting to be held in New York on December 11 hosted by Sterne Agee.

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