Melco Crown Entertainment
Melco Crown Entertainment (MPEL - Get Report) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. The stock is trading up 4.9% at $12.09 in recent trading.
Today's Volume: 6.1 millionAverage Volume: 6.09 million Volume % Change: 105% From a technical standpoint, MPEL is trading within range of some big breakout levels, with the stock rising today on heavy volume. Market players should look for long biased trades in MPEL if this stock can manage to take out some overhead resistance levels at $12.25 to $12.40 with volume. Look for volume on a move above those breakout levels that's near or well above 6,086,990 shares. If we get that action soon, then look for MEPL to test $13 to $14 in the near future. Melco shows up on a list of 5 Casino Stocks to Bet On in 2012. Follow @stockpickr