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Shares of Royal Caribbean Rise Above Previous 52-Week High

By Nick Russo

Shares of Royal Caribbean (NYSE:RCL) traded today at $125.00, breaking its 52-week high. This new high was reached on below average trading volume as 123,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

Royal Caribbean (NYSE:RCL) is currently priced 4.2% above its average consensus analyst price target of $119.39. The stock should find initial support at its 200-day moving average (MA) of $86.49 and further support at its 50-day MA of $76.91.

Royal Caribbean Cruises Ltd. is a global cruise company operating a fleet of vessels in the cruise vacation industry. The Company operates through brands which primarily serve the contemporary, premium and deluxe segments of the cruise vacation industry, which also includes the budget and luxury segments.

Over the past year, Royal Caribbean has traded in a range of $64.95 to $125.00 and is now at $124.60, 92% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.49. Since that recommendation, shares of Royal Caribbean have risen 22.6%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Royal Caribbean

Ticker(s): RCL