• Return to Headlines

Look for Shares of Royal Caribbean to Potentially Pullback after Yesterday's 1.86% Rise

By James Quinn

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $108.65 to a high of $111.04. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $110.38 on volume of 487,000 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, Royal Caribbean share prices have been bracketed by a low of $64.95 and a high of $115.63 and are now at $110.77, 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.49. Since that recommendation, shares of Royal Caribbean have risen 7.3%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL