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Bullish Moving Average Cross by Carnival (CUK)

By David Diaz

Carnival (NYSE:CUK) crossed over its 10-day moving average of $44.83 on a volume of 195K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Carnival have traded between a low of $42.45 and a high of $58.08 and are now at $45.23, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Carnival. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Carnival in search of a potential trend change.

Keywords: moving crosses Carnival

Ticker(s): CUK