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After Yesterday's Rally of 1.16% Shares Could Potentially Pullback

By David Diaz

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $123.95 to a high of $125.91. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $125.82 on volume of 606,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Royal Caribbean has traded in a range of $101.20 to $135.65 and is now at $125.86, 24% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 1.03% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.60. Since that recommendation, shares of Royal Caribbean have risen 12.9%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL