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Melco Crown Entertainment technical analysis charts

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Melco Crown Entertainment technical analysis charts

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Melco Crown Entertainment technical analysis charts

  1. 1. March 14, 2016 MPEL: Melco Crown Entertainment technical analysis charts On Friday, compared to Thursday, price action opened higher (15.33, vs Thursday's close of 15.08), saw a higher high (15.73, vs Thursday's high of 15.63) and higher low (15.20, vs Thursday's low of 14.80); and closed higher (15.56, vs Thursday's close of 15.08). The day's range was 53 ticks. On the DAILY BOLLINGER BANDS CHART below, Friday represents the 4th consecutive close below the middle of the Bollinger Band envelope (15.68). The Bollinger Bands (14.45-16.92) are converging; and narrowed from a width of 353 ticks on Thursday to a width of 247 ticks on Friday. The RSI (52.06) below is in neutral mode between the key 20 (oversold) and 80 (overbought) levels.
  2. 2. March 14, 2016 The MACD 12 day moving average is below the MACD 26 day moving average; both are above zero. The Slow Stochastics, below, are in negative mode, with the K line below the D line. The Commodity Channel Index (-19.23), below, is in positive mode above the oversold -200 level. On the 20-DAY MOVING AVERAGE ENVELOPE CHART below, price action rose towards the middle of the 20 day moving average envelope (15.68). The parameters of the envelope (15.21-16.15) are pointing higher.
  3. 3. March 14, 2016 On the 5 AND 20 DAY MOVING AVERAGES CHART below, the 5 day moving average (15.20, moving down) is below the 20 day moving average (15.68, moving up); in negative mode. The 3-50 day strip of moving averages ranges from the 40 day moving average (14.74) at the bottom of the range to the 10 day moving average (15.76) at the top of the range.
  4. 4. March 14, 2016 The Parabolic Stop and Reverse (16.51) below is in the 5th day of sell mode. On the WEEKLY BOLLINGER BANDS CHART below, last week represents the 1st consecutive close below the middle of the Bollinger Bands envelope (15.82). The Bollinger Bands (12.90-18.74) are converging; contracting from a width of 625 ticks on Thursday to a width of 584 ticks on Friday.

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