Harry Boxer has posted his Charts of the Day video on MLCO at TheTechTrader site noting: Swing trade Melco Resorts & Entertainment L (MLCO) snapped back for the second day, gaining 94 cents, or 4.5%, to 22.04, on 3.65 million shares traded. Both technicals and volume need to improve. It looks like a 3-wave pullback, orderly-type pattern. I’m looking for 25, and then 29 going forward.
Guys, wake up! What does Trump getting impeached has anything to do with the Macau casinos booming? Absolutely nothing.
Harry Boxer has posted his Charts of the Day video on MLCO at TheTechTrader site noting: Swing trade Melco Resorts & Entertainment L (MLCO) is extending. It was up 53 cents, or 2.39%, to 22.68, on 9.8 million shares traded and jumped to 22.94. It’s moving nicely. I’m expecting to see juxtaposition of two channel-top lines get it to the top of the channel to the 25-6 range pretty quickly.
Go MLCO!!! $30 is just right around the corner. ;-)
Calls written at 22 on 3,417,800 shares for 5/19. If those are naked I could only assume someone would be fighting like hell to hold this at 22.
Are we there yet ... $30?
You gotta be kidding. Expected 8 cents and Acutal 24 cents ... they beat by 16 cents!!! And yet MLCO is down today? Earnings: MLCO beats on earnings. Our consensus earnings estimate called for earnings per share of 8 cents, and the company reported earnings of 24 cents per share. Investors should note that these figures take out stock option expenses.
So glad to see another Macau blowout month! I'm hoping MLCO will head back to $40 soon
I expect Lawrence will boost our dividend this Thursday when MLCO earnings are released.
The report say casinos business are up 16%. That means MLCO shares should be at least higher to another $3.50, closer to $26.