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Trade-Ideas LLC identified Melco Crown Entertainment (MPEL) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate
Melco Crown Entertainment (MPEL) reported revenue that failed to meet analysts' estimates before the market open.
Despite a recent run up in share price, this pure play on the gambling mecca of Macau faces several challenges that make it a bad bet.
Trade-Ideas LLC identified Melco Crown Entertainment (MPEL) as a weak on high relative volume candidate