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Upgrade Alert for Melco Crown Entertainment (MPEL)
[December 07, 2012]

Upgrade Alert for Melco Crown Entertainment (MPEL)

Dec 07, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Melco Crown Entertainment (NASDAQ:MPEL) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $14.80 on volume of 6.7 million shares, above average daily volume of 3.7 million. Melco Crown Entertainment share prices have moved between a 52-week high of $16.15 and a 52-week low of $7.05 and closed yesterday at 110% above that low price at $14.80 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

Melco Crown Entertainment has overhead space with shares priced $14.80, or 14.6% below the average consensus analyst price target of $17.34. Melco Crown Entertainment shares have support at the 50-day moving average (MA) of $13.17 and additional support at the 200-day MA of $12.51.

Melco Crown Entertainment. Ltd. develops, owns and operates casino gaming and entertainment resort facilities.


SmarTrend recommended that subscribers consider buying shares of Melco Crown Entertainment on August 7th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.05. Since that recommendation, shares of Melco Crown Entertainment have risen 33.9%. We continue to monitor MPEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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