Royal Caribbean Cruises Falls 1.32% on Heavy Volume: Watch For Potential Rebound
Royal Caribbean Cruises (NYSE:RCL) traded in a range yesterday that spanned from a low of $69.32 to a high of $70.39. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $69.51 on volume of 689,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, Royal Caribbean Cruises has traded in a range of $64.21 to $103.40 and is now at $69.61, 8% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.42% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Royal Caribbean Cruises. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Caribbean Cruises in search of a potential trend change.
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