Update: New Highs
Melco Crown Entertainment (MPEL)
from Cabot Stock of the Month, recommended at $23 in the April 10, 2013, Investment Digest.
Melco Crown Entertainment (MPEL) hit a new high yesterday, propelled by growing support of Chinese gambling stocks. The stock remains extended, but the trend is strong, so I believe further upside lies ahead. As always, try to buy on pullbacks. BUY.
Timothy Lutts, Cabot Stock of the Month, www.cabot.net, 978-745-5532, August 20, 2013