New York, NY -- (ReleaseWire) -- 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
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