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Shares of Carnival Rise to a New 52-Week High

By David Diaz

Shares of Carnival (NYSE:CCL) traded today at $60.38, breaking its 52-week high. Approximately 325,000 shares have changed hands today, as compared to an average 30-day volume of 4.4 million shares.

In the past 52 weeks, Carnival share prices have been bracketed by a low of $40.52 and a high of $60.38 and are now at $60.17, 48% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Carnival Corporation owns and operates cruise ships offering cruises to all major vacation destinations including North America, the United Kingdom, Germany, Southern Europe, South America and Asia/Pacific. The Company, through a subsidiary also owns and operates hotels and lodges.

Carnival (NYSE:CCL) is currently priced 2.8% above its average consensus analyst price target of $58.46. 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.

SmarTrend recommended that subscribers consider buying shares of Carnival on November 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.35. Since that recommendation, shares of Carnival have risen 21.6%. 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

Ticker(s): CCL