Shares of Melco Crown Entertainment Limited (MPEL) Sees Large Outflow of Money

Melco Crown Entertainment Limited (MPEL) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($5.33 million) and the uptick to downtick ratio was 0.29. The transaction value on upticks was $2.22 million and on downticks, the transaction value was $7.54 million. In block trades, the transaction value of inflow done during uptick was $0.23 million. The transaction value of block trades during downticks was $5.45 million. The uptick to downtick block trade ratio was 0.04. The money flow was negative ($5.22 million), indicating the traders were booking profit on the price strength. Melco Crown Entertainment Limited (MPEL) rose $0.19 at $12.49, during intraday Wednesday , a rise of 1.54% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Melco Crown Entertainment Limited (NASDAQ:MPEL). Nomura has a Reduce rating on the shares. As per the latest research report, the brokerage house lowers the price target to $14 per share from a prior target of $16. The rating by the firm was issued on May 5, 2016.

Melco Crown Entertainment Limited (NASDAQ:MPEL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.31 and $12.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.50, notching a gain of 1.63% for the day. The total traded volume was 2,221,759 . The stock had closed at $12.30 on the previous day.

The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 8.15%.

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.

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