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Royal Caribbean Crosses Above its 10-day MA (RCL)

By Amy Schwartz

Today, shares of Royal Caribbean (NYSE:RCL) have advanced above their 10-day MA of $115.04 on a volume of 266K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Royal Caribbean share prices have been bracketed by a low of $64.95 and a high of $135.65 and are now at $115.61, 78% above that low price. Over the past week, 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 9.2%. 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