Melco Crown (MPEL) Volatility Up; Flirts with Key Activity Level
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Melco Crown Entertainment (Nasdaq: MPEL) shares are active Monday as the stock is outpacing peers to the downside.
Market data has implied volatility up 14 percent from Friday's close and 138 percent above its annual historical average.
Melco Crown last reported earnings on May 9th, with EPS and turnover topping views.
Of note, $14.15 had been a little bit of a resistance level for Melco over the last month and shares gapped below that mark this morning. The level was also notable last summer at the end of July/beginning of August.
Market data has implied volatility up 14 percent from Friday's close and 138 percent above its annual historical average.
Melco Crown last reported earnings on May 9th, with EPS and turnover topping views.
Of note, $14.15 had been a little bit of a resistance level for Melco over the last month and shares gapped below that mark this morning. The level was also notable last summer at the end of July/beginning of August.
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