New York, NY -- (SBWIRE) -- 01/07/2013 -- IMAX Corporation (NYSE: IMAX), an entertainment technology company specializing in motion picture technologies and presentations, is up sharply in mid-day trading today, extending its gains from last week. IMAX had finished higher in each of the trading sessions last week.
In today’s trading, the stock is up 3.33% to $23.60 on volume of 1.60 million, which is nearly three times the daily average volume of 561,093. The stock hit an intra-day high of $24.17. IMAX has broken through $23 resistance level as a result of the rally. The stock has gained more than 8% in the last five trading sessions. Technical indicators suggest that the upward trend will continue.
Find out if IMAX could pick up more steam in the upcoming trading sessions by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=IMAX
Melco Crown Entertainment Limited (ADR) (NASDAQ: MPEL), a holding company engaged in the gaming and hospitality business, is up sharply in mid-day trading today, extending its gains from last week. MPEL has been gaining momentum after a report showed casino revenues in the Macau hit a new record in the month of December. Gambling revenue in Macau rose 20% to a record 28.2 billion patacas ($3.5 billion) in December.
MPEL, which is focused on the Macau market, has been gaining momentum since the report last week. In today’s trading, the stock is up 3.87% to $18.91 on volume of 6.33 million, which is well above the daily average volume of 4.58 million. The stock has gained nearly 9% in the last three trading sessions.
Find out more about MPEL by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=MPEL
WallStreetScoop.net issues momentum alerts on stocks that can provide gains to day traders and short-term investors. WallStreetScoop.net provides members with timely information and exclusive alerts on under-valued stocks in the United States with the potential to deliver short-term gains.
WallStreetScoop.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetScoop.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading small cap stocks. Gain an Edge by joining the WallStreetScoop.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Scoop believes traders should have a chance at successfully trading Small stocks and invites traders and investors to be part of the free membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetScoop.net
Disclosure: WallStreetScoop.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetScoop.Net website, for complete risks and disclosures.
Investor Alley, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
Wall Street Scoop
For more information on this press release visit: http://www.sbwire.com/press-releases/mid-day-trend-analysis-report-on-nyse-imax-nasdaq-mpel-193919.htm