Melco Crown Entertainment Limited (MPEL) : The total negative money flow of $3.25 million on Friday indicates selling on strength. The inflow of money on upticks was $1.28 million, compared to $4.53 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.28. The negative money flow of $2.77 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.15 million in a block trade.The transaction value of block trade on downtick was $2.92 million. The uptick to downtick ratio was 0.05. The price action in the Melco Crown Entertainment Limited (MPEL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $12.74 with a gain of $0.14 , a change of 1.11% over the previous days close. The stock registered 2.66% for the week.
Melco Crown Entertainment Limited (MPEL) : The most positive equity analysts on Melco Crown Entertainment Limited (MPEL) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $18.38 with an expected fluctuation of $3.39 from the mean.
Melco Crown Entertainment Limited (NASDAQ:MPEL): stock turned positive on Friday. Though the stock opened at $12.67, the bulls momentum made the stock top out at $12.76 level for the day. The stock recorded a low of $12.43 and closed the trading day at $12.74, in the green by 1.11%. The total traded volume for the day was 1,397,747. The stock had closed at $12.6 in the previous days trading.
Melco Crown Entertainment Limited is a developer, owner and operator of casino gaming and entertainment resort facilities. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines. The Company has two casino based operations in Macau, namely, City of Dreams and Altira Macau, and non-casino based operations in Macau at its Mocha Clubs. The Company also has a casino based operation in the Philippines, City of Dreams Manila. The Company is developing the Studio City project, a cinematically-themed integrated entertainment, retail and gaming resort. The Companys other premises include Taipa Square Casino, a casino on Taipa Island, Macau operating within Hotel Taipa Square, including the fit-out and gaming related equipment.