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Shares of Carnival Down on Above Average Volume, Moving Against Trend (CUK)

By James Quinn

The price of Carnival shares has slipped to $47.11 (a 4.8% change) on heavy trading volume. Approximately 329,000 shares have changed hands today vs. average 30-day volume of 304,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Carnival on July 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.66. Since that recommendation, shares of Carnival have risen 3.9%. We continue to monitor CUK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Carnival share prices have been bracketed by a low of $42.45 and a high of $58.08 and are now at $47.11, 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: unusual volume Carnival

Ticker(s): CUK