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Long MPEL This Morning

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March 09, 2011 – Comments (0) | RELATED TICKERS: MPEL

Took on one new position this morning in Melco Crown (MPEL) by going long in it at $7.43.

On the day the market is looking a bit shakey today, trying to continue the day-to-day pattern of up-down-up-down-up-down. Stuck in a triangle pattern on the daily charts, the S&P looks like it is prime for an extended move in either direction. 

I've also got Keycorp on the radar at an entry of $9.45 (long).

Here's the chart on MPEL.

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