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Bearish Moving Average Cross by Carnival (CCL)

By Nick Russo

Carnival (NYSE:CCL) crossed under its 10-day moving average of $46.20 on a volume of 2.3 million 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.

Carnival share prices have moved between a 52-week high of $55.77 and a 52-week low of $40.52 and are now trading 13% above that low price at $45.99 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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