• Return to Headlines

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

By James Quinn

Royal Caribbean (NYSE:RCL) crossed over its 10-day moving average of $117.13 on a volume of 265K 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.

Over the past year, Royal Caribbean has traded in a range of $89.48 to $133.60 and is now at $118.06, 32% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $103.67. Since that recommendation, shares of Royal Caribbean have risen 12.3%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Royal Caribbean

Ticker(s): RCL