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Bullish Moving Average Cross by Carnival (CUK)

By Shiri Gupta

Carnival (NYSE:CUK) shares have crossed bullishly above their 10-day moving average of $46.39 on a volume of 379K 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, Carnival share prices have been bracketed by a low of $42.45 and a high of $58.08 and are now at $47.24, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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