• Return to Headlines

Royal Caribbean Bearish Moving Average Crossover Alert (RCL)

By James Quinn

Royal Caribbean (NYSE:RCL) crossed under its 10-day moving average of $108.87 on a volume of 224K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Royal Caribbean has traded in a range of $89.48 to $133.60 and is now at $106.47, 19% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Royal Caribbean on June 6th, 2019 by issuing a Downtrend alert when the shares were trading at $117.82. Since that call, shares of Royal Caribbean have fallen 7.5%. 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