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After Yesterday's Rally of 1.64% Shares Could Potentially Pullback

By David Diaz

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $114.43 to a high of $115.81. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $115.73 on volume of 509,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Royal Caribbean share prices have moved between a 52-week high of $135.65 and a 52-week low of $64.95 and are now trading 78% above that low price at $115.54 per share. 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 its subscribers protect gains by selling shares of Royal Caribbean on March 1st, 2018 by issuing a Downtrend alert when the shares were trading at $125.30. Since that call, shares of Royal Caribbean have fallen 9.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL