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Norwegian Cruise Crosses Below its 10-day MA (NCLH)

By Nick Russo

Today, shares of Norwegian Cruise (NYSE:NCLH) have crossed bearishly below their 10-day moving average of $50.58 on a volume of 227K shares. This may provide short-term investors a chance 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 $39.36 to $59.71 and is now at $49.82, 27% above that low. The 200-day and 50-day moving averages have moved 0.19% lower and 0.82% 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 7.4%. 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