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Carnival Corp (CCL) Breaks Through Support at $58.09

By Amy Schwartz

Shares of Carnival Corp (NYSE:CCL) opened today below their pivot of $58.32 and have already reached the first level of support at $58.09. Should the shares continue to fall, the support pivots of $57.78 and $57.24 will be of interest.

In the past 52 weeks, shares of Carnival Corp have traded between the current low of $0.00 and a high of $72.70 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.2%.

There is potential upside of 0.0% for shares of Carnival Corp based on a current price of $0.00 and an average consensus analyst price target of $76.44. The stock should run into initial resistance at its 50-day moving average (MA) of $62.00 and subsequent resistance at its 200-day MA of $65.51.

SmarTrend is tracking the current trend status for Carnival Corp and will alert subscribers who have CCL in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts carnival corp

Ticker(s): CCL