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Melco Crown Entertainment Ltd Breaks Below 200-Day Moving Average - Bearish for MPEL

By Market News Video Staff, Thursday, September 22, 2:22 PM ET
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In trading on Thursday, shares of Melco Crown Entertainment Ltd (NASDAQ:MPEL) crossed below their 200 day moving average of $9.82, changing hands as low as $9.77 per share. Melco Crown Entertainment Ltd shares are currently trading down about 2.8% on the day. The chart below shows the one year performance of MPEL shares, versus its 200 day moving average:

Melco Crown Entertainment Ltd 200 Day Moving Average Chart

Looking at the chart above, MPEL's low point in its 52 week range is $4.80 per share, with $16.15 as the 52 week high point — that compares with a last trade of $10.03.

According to the ETF Finder at ETF Channel, MPEL makes up 3.04% of the First Trust Asia Pacific Ex-Japan AlphaDEX Fund ETF (AMEX:FPA) which is trading lower by about 10.5% on the day Thursday.

     See what other ETFs contain MPEL »
     See what other stocks are held by FPA »

MPEL operates in the Hotels, Lodging, Restaurants & Travel sector, among companies like Shuffle Master, Inc. (NASDAQ:SHFL) which is off about 0.8% today, and Sonic Corp. (NASDAQ:SONC) trading lower by about 0.1%. Below is a three month price history chart comparing the stock performance of MPEL, versus SHFL and SONC.

MPEL,SHFL,SONC Relative Performance Chart


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This Article's Word Cloud:   According   Asia   Below   Channel   Crown   Entertainment   First   Investment   MPEL   Master   Melco   Moving   Portfolio   SHFL   SONC   Thursday   about   allows   among   asset   average   below   bonds   chart   companies   completely   currently   designed   growth   hands   history   lower   moving   other   performance   point   portfolio   price   range   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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