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Bearish Moving Average Cross by Norwegian Cruise (NCLH)

By Amy Schwartz

Today, shares of Norwegian Cruise (NYSE:NCLH) have fallen below their 10-day MA of $49.29 on a volume of 334K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Norwegian Cruise have traded between a low of $39.36 and a high of $59.71 and are now at $48.85, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 0.94% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Norwegian Cruise on May 29th, 2019 by issuing a Downtrend alert when the shares were trading at $54.87. Since that call, shares of Norwegian Cruise have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses norwegian cruise

Ticker(s): NCLH