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Bearish Moving Average Cross by Norwegian Cruise (NCLH)

By David Diaz

Today, shares of Norwegian Cruise (NYSE:NCLH) have crossed bearishly below their 10-day moving average of $56.73 on a volume of 4.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Norwegian Cruise has traded in a range of $34.16 to $61.48 and is now at $54.83, 61% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Norwegian Cruise on June 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.22. Since that recommendation, shares of Norwegian Cruise have risen 9.3%. We continue to monitor NCLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses norwegian cruise

Ticker(s): NCLH