Melco Crown Entertainment (MPEL) volatility flat as share near one-year high
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Melco Crown Entertainment (Nasdaq: MPEL), an operator of casino gaming and resorts in Macau, closed at $7.20. Buckingham Research maintains its Underperform rating and raised its price target on MPEL to $5. MPEL October call option implied volatility is at 83, puts are at 89, January volatility is at 87; near its 26-week average of 90; according to Track Data, suggesting non-directional price movement. Paul Foster
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