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Carnival Corp Falls 2.94% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Carnival Corp (NYSE:CCL) traded in a range yesterday that spanned from a low of $44.51 to a high of $45.27. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $44.60 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Carnival Corp share prices have moved between a 52-week high of $67.69 and a 52-week low of $44.58 and are now trading 0% above that low price at $44.69 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 0.68% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Carnival Corp on March 26th, 2019 by issuing a Downtrend alert when the shares were trading at $52.54. Since that call, shares of Carnival Corp have fallen 12.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders carnival corp

Ticker(s): CCL