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After Yesterday's Rally of 1.38% Shares Could Potentially Pullback

By David Diaz

Carnival Corp (NYSE:CCL) traded in a range yesterday that spanned from a low of $65.74 to a high of $66.69. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $66.40 on volume of 1.1 million 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 Carnival Corp on May 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.78. Since that recommendation, shares of Carnival Corp have risen 4.7%. We continue to monitor CCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Carnival Corp have traded between a low of $42.94 and a high of $67.30 and are now at $66.64, which is 55% 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%.

Keywords: rebounders carnival corp

Ticker(s): CCL