Last updated on April 21, 2014 at 7:52 EDT

Technical Briefing on Carnival, Royal Caribbean Cruises, Melco Crown Entertainment, Boyd Gaming, and Caesars Entertainment

March 19, 2013

LONDON, March 19, 2013 /PRNewswire/ –

Markets ended the first day of the week on a negative note. Several catalysts
including Cyprus fiscal crisis pushed the indices down. The services sector also followed
suit and major stocks in the sector closed lower. StockCall analysts took a look at
leading companies like Carnival Corporation (NYSE: CCL), Royal Caribbean Cruises Ltd.
(NYSE: RCL), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), Boyd Gaming Corporation (NYSE:
BYD) and Caesars Entertainment Corp (NASDAQ: CZR) from the Resorts & Casinos industry.
StockCall has posted free technical research reports on CCL, RCL, MPEL, BYD, and CZR and
these can be accessed by signing up at


In-line with the downward trend shown by broad market indices, Carnival Corporation’s
stock finished 2.95 percent lower at $33.92, with volume up from daily average of 5.89
million to 9.38 million shares. The stock is down so far in 2013 with its year-to-date
loss at 5.86 percent. It currently shows a bearish trend which is further confirmed by the
stock’s MACD chart. The company has its first support level at $33.56. Download the free
report on CCL upon registration at


Royal Caribbean Cruises Ltd. traded in the range of $32.81 and $33.88 in Monday’s
trading session and ended the day at $33.54, down 0.50 percent. The stock’s 52 weeks range
stands at $22.12 and $38.56. The cruise company has gained 9.68 percent of its value in
the past 12 months, while it gained 0.93 percent on a YTD basis. Royal Caribbean is in a
neutral mode and may find its first support level at $33.18. It is trading below its
20-day moving average of $34.20. The company commands market capitalization of $7.34
billion. RCL technical report can be accessed for free by signing up at


Melco Crown Entertainment Ltd’s stock clipped a YTD returns with 1.05 percent loss in
yesterday’s trading session. The stock traded in the range of $9.13 and $21.48 and closed
at $20.33. However, it traded higher than average number of shares at 6.31 million. The
stock is in a neutral mode and is likely to maintain its trend in the coming sessions. Its
first resistance level is at $20.99 and it may test the support level of $19.43 in the
coming sessions. The stock has traded in the range of $9.13 and $21.48 in the past 52
weeks. Free report on MPEL can be accessed by registering at


Boyd Gaming Corp.’s stock is up 11.03 percent on a YTD basis, despite its 0.14 percent
decline in the previous trading session. The stock closed at $7.25 after trading in the
range of $7.10 and $7.44. The stock shows a neutral tendency and may touch the $7.39
level. Its second resistance level is at $7.77. It traded 1.84 million shares during the
session, down from its average trading volume of 3.08 million. Register with StockCall and
download the research on BYD for free at


Caesars Entertainment Corp closed its latest trading session at $17.55, up 3.66
percent from its previous close. The stock traded in the range of $16.21 and $18.37 in
Monday’s session on volume of 3.22 million shares. It is likely to face its first
resistance level at $17.95 and upon breaching this level the stock may go up to $18.20. On
the downside, Caesars Entertainment may tumble to the $16.24 level. Read the full free
research on CZR by signing up to StockCall at


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SOURCE StockCall.com

Source: PR Newswire