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After Yesterday's Decline of 5.14%, Norwegian Cruise Offers Investors Better Value

By Amy Schwartz

Norwegian Cruise (NYSE:NCLH) traded in a range yesterday that spanned from a low of $55.53 to a high of $58.54. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $57.25 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Norwegian Cruise on June 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.22. Since that recommendation, shares of Norwegian Cruise have risen 12.1%. We continue to monitor NCLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Norwegian Cruise have traded between a low of $34.16 and a high of $61.48 and are now at $56.07, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

Keywords: rebounders norwegian cruise

Ticker(s): NCLH