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Bearish Moving Average Cross by Carnival (CCL)

By Amy Schwartz

Today, shares of Carnival (NYSE:CCL) have crossed bearishly below their 10-day moving average of $50.01 on a volume of 761K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Carnival has traded in a range of $40.52 to $55.77 and is now at $49.59, 22% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Carnival and will alert subscribers who have CCL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Carnival

Ticker(s): CCL