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Royal Caribbean Bearish Moving Average Crossover Alert (RCL)

By Nick Russo

Today, shares of Royal Caribbean (NYSE:RCL) have crossed bearishly below their 10-day moving average of $116.94 on a volume of 234K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Royal Caribbean share prices have moved between a 52-week high of $135.65 and a 52-week low of $64.95 and are now trading 79% above that low price at $115.95 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Royal Caribbean on March 1st, 2018 by issuing a Downtrend alert when the shares were trading at $125.30. Since that call, shares of Royal Caribbean have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Royal Caribbean

Ticker(s): RCL