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Melco Crown Entertainment Crosses Below its 10-day MA (MPEL)

By James Quinn

Melco Crown Entertainment (NASDAQ:MPEL) shares have crossed bearishly below their 10-day moving average of $14.49 on a volume of 574K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Melco Crown Entertainment has traded in a range of $12.05 to $45.70 and is now at $14.30, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Melco Crown Entertainment and will alert subscribers who have MPEL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses melco crown entertainment

Ticker(s): MPEL