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Bearish Moving Average Cross by Carnival Corp (CCL)

By Shiri Gupta

Carnival Corp (NYSE:CCL) crossed under its 10-day moving average of $54.55 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Carnival Corp has traded in a range of $45.64 to $67.69 and is now at $54.07, 18% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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

Keywords: moving crosses carnival corp

Ticker(s): CCL