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After Yesterday's Rally of 1.90% Shares Could Potentially Pullback

By Shiri Gupta

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $126.98 to a high of $129.30. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $129.25 on volume of 583,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Royal Caribbean have traded between a low of $64.95 and a high of $133.75 and are now at $128.76, which is 98% above that low price. 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%.

SmarTrend is monitoring the recent change of momentum in Royal Caribbean. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Caribbean in search of a potential trend change.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL