MPEL Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Melco Crown Entertainment Ltd (MPEL) crossed below their 200 day moving average of $34.30, changing hands as low as $34.18 per share. Melco Crown Entertainment Ltd shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of MPEL shares, versus its 200 day moving average:

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Melco Crown Entertainment Ltd 200 Day Moving Average Chart

Looking at the chart above, MPEL's low point in its 52 week range is $20.46 per share, with $45.70 as the 52 week high point — that compares with a last trade of $34.98.

According to the ETF Finder at ETF Channel, MPEL makes up 7.15% of the Gaming ETF ( BJK) which is trading lower by about 0.2% on the day Monday.

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