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Technical Trade Alerts on Market Movers: GCHK, MPEL, PWAV, SIRF, DENN, ENER

Wed. September 24, 2008; Posted: 11:11 AM
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Sep 24, 2008 (TheNewswire.ca via COMTEX) -- SIRF | Quote | Chart | News | PowerRating -- (via BAYSTREET NEWSWIRE)

DALLAS, Texas - Today's Trade Alerts include: GreenChek Technology (OTCBB: GCHK), Melco Crown Entertainment Ltd. (Nasdaq: MPEL), Powerwave Technologies Inc. (Nasdaq: PWAV), SiRF Technology Holdings Inc. (Nasdaq: SIRF), Denny's Corp. (Nasdaq: DENN | Quote | Chart | News | PowerRating) and Energy Conversion Devices Inc. (Nasdaq: ENER).

"GreenChek Technology Inc. (GCHK) slipped 5% to close at 76 cents Tuesday afternoon. GreenChek manufactures and distributes hydrogen injection technology, which is primarily focused on mobile transportation applications, as well as stationary power generation applications...

"The San Francisco-based company recently announced the completion of its initial stage of financing for the launch of its hydrogen related products â?¦

"GreenChek provides innovative world class mobile Greenhouse Gas (GHG) emissions reduction technology, while greatly enhancing fuel economy for the mobile transportation industry. It manufactures an emission reducing device, simply known as the ERD 1.0, which can be retrofitted to any vehicle regardless of fuel source..."

"Melco Crown Entertainment Ltd. (MPEL) shares fell 9.98% Tuesday afternoon, settling at $4.42. Melco is a developer, owner and, through its sub-concession holding company, an operator of casino gaming and entertainment casino resort facilities in Macau. Its first property, Crown Macau, opened in 2007â?¦

"A JPMorgan analyst recently downgraded Melco Crown Entertainment on Tuesday, cutting its rating to Neutral from Overweight. This rating expects the stock to perform in line with the average total return of stocks in analyst's or analyst's team's coverage universe over next six to 12 monthsâ?¦

"The company, through its subsidiary MPBL Gaming, is one of six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The coastal community of Macau is the only area in China with legalized gamblingâ?¦"

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