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Shares of Carnival Corp Has Risen Above Previous 52-Week High

By Nick Russo

Carnival Corp (NYSE:CCL) traded today at a new 52-week high of $69.89. Approximately 240,000 shares have changed hands today, as compared to an average 30-day volume of 4.4 million shares.

Carnival Corporation owns and operates cruise ships offering cruises to all major vacation destinations including North America, United Kingdom, Germany, Southern Europe, South America, and Asia Pacific. The Company, through a subsidiary also owns and operates hotels and lodges. Dually-listed company with CCL LN.

Carnival Corp (NYSE:CCL) is currently priced 5.9% above its average consensus analyst price target of $65.70. The stock should discover initial support at its 200-day moving average (MA) of $50.34 and subsequent support at its 50-day MA of $49.48.

Carnival Corp share prices have moved between a 52-week high of $69.89 and a 52-week low of $42.94 and are now trading 63% above that low price at $69.79 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Carnival Corp on May 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.78. Since that recommendation, shares of Carnival Corp have risen 10.7%. We continue to monitor CCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows carnival corp

Ticker(s): CCL