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

Melco Crown Entertainment Limited (MPEL) : Mondays money flow analysis of Melco Crown Entertainment Limited (MPEL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $5.47 million. In comparison, the inflow of money on upticks was a meager $4 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.48 million. The uptick to downtick ratio of 0.73 in the money flow shows weakness. The uptick block trades were valued at $2.08 million. The downtick transaction value was high at $3.89 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.53. Hence, the net money flow in the stock was negative ($1.81 million). Melco Crown Entertainment Limited (MPEL) gained $0.29 at $15.04, a change of 1.97% over the previous days close.


Shares of Melco Crown Entertainment Limited rose by 8.98% in the last five trading days and 25.22% for the last 4 weeks. Melco Crown Entertainment Limited is up 4.79% in the last 3-month period. Year-to-Date the stock performance stands at -3.47%.

Melco Crown Entertainment Limited (NASDAQ:MPEL): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.78 and $14.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.52, notching a gain of 5.22% for the day. The total traded volume was 5,183,268 . The stock had closed at $14.75 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.