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Carnival Bullish Moving Average Crossover Alert (CCL)

By Shiri Gupta

Carnival (NYSE:CCL) shares have crossed bullishly above their 10-day moving average of $47.83 on a volume of 899K shares. Swing traders may find 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 $40.52 and a high of $55.77 and are now at $48.00, 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Carnival on April 21st, 2016 by issuing a Downtrend alert when the shares were trading at $49.55. Since that call, shares of Carnival have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Carnival

Ticker(s): CCL