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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By David Diaz

Royal Caribbean Cruises (NYSE:RCL) traded in a range yesterday that spanned from a low of $99.76 to a high of $101.10. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $100.48 on volume of 675,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean Cruises on October 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.18. Since that recommendation, shares of Royal Caribbean Cruises have risen 30.3%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Royal Caribbean Cruises has traded in a range of $64.21 to $103.40 and is now at $100.42, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.2%.

Keywords: rebounders royal caribbean cruises

Ticker(s): RCL