• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Norwegian Cruise (NYSE:NCLH)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Norwegian Cruise (NYSE:NCLH) based on the price action in the company's shares. Today's price range of $51.27 and $51.69 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Norwegian Cruise may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, shares of Norwegian Cruise have traded between a low of $46.16 and a high of $61.18 and are now at $51.44, which is 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

There is potential upside of 27.5% for shares of Norwegian Cruise based on a current price of $51.44 and an average consensus analyst price target of $65.61. Norwegian Cruise shares should encounter resistance at the 200-day moving average (MA) of $53.84 and support at the 50-day MA of $50.02.

Norwegian Cruise Line Holdings Ltd. operates a fleet of passenger cruise ships. The Company offers an array of cruise itineraries as well as theme cruises, while markets its services through various distribution channels including retail and travel agents, consumer direct, international sales, as well as incentive sales. Norwegian Cruise extends its services worldwide.

SmarTrend recommended that subscribers consider buying shares of Norwegian Cruise on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.35. Since that recommendation, shares of Norwegian Cruise have risen 3.3%. We continue to monitor NCLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle norwegian cruise

Ticker(s): NCLH