Shares of Melco Crown Entertainment Limited (MPEL) Sees Large Inflow of Net Money Flow

Melco Crown Entertainment Limited (MPEL) : Wednesdays money flow indicated an uptick to downtick ratio was at 3.04. The total value of inflow transactions on upticks was $6.03 million, whereas, the total value of outflow trades on downticks was $1.98 million. The total money flow was $4.05 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $4.41 million. The total value of the trades done on upticks was $4.65 million. Downticks saw transactions worth $0.24 million. The total uptick to downtick ratio stood at 19.48, mildly in favor of the bulls. Melco Crown Entertainment Limited (MPEL) was trading with a -0.06% change over previous days close. It fell $0.01 during the day and reached $16.08. The stock was 1.39% compared to the previous weeks close.


Shares of Melco Crown Entertainment Limited rose by 4.65% in the last five trading days and 23.29% for the last 4 weeks. Melco Crown Entertainment Limited is up 28.03% in the last 3-month period. Year-to-Date the stock performance stands at 0.76%.

Melco Crown Entertainment Limited (MPEL) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Melco Crown Entertainment Limited (NASDAQ:MPEL): The stock opened at $16.07 and touched an intraday high of $16.29 on Wednesday. During the day, the stock corrected to an intraday low of $15.995, however, the bulls stepped in and pushed the price higher to close in the green at $16.2 with a gain of 0.68% for the day. The total traded volume for the day was 1,790,072. The stock had closed at $16.09 in the previous trading session.

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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