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Norwegian Cruise Set to Possibly Pullback After Yesterday's Rally of 2.17%

By Nick Russo

Norwegian Cruise (NYSE:NCLH) traded in a range yesterday that spanned from a low of $48.36 to a high of $50.40. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $48.09 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Norwegian Cruise share prices have moved between a 52-week high of $61.18 and a 52-week low of $41.61 and are now trading 17% above that low price at $48.53 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.3%.

Keywords: rebounders norwegian cruise

Ticker(s): NCLH