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Look for Shares of Norwegian Cruise to Potentially Pullback after Yesterday's 1.61% Rise

By Nick Russo

Norwegian Cruise (NYSE:NCLH) traded in a range yesterday that spanned from a low of $54.13 to a high of $54.99. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $54.22 on volume of 1.4 million 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, Norwegian Cruise share prices have been bracketed by a low of $46.16 and a high of $61.18 and are now at $54.74, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Norwegian Cruise on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.35. Since that recommendation, shares of Norwegian Cruise have risen 7.2%. We continue to monitor NCLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders norwegian cruise

Ticker(s): NCLH