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SmarTrend Watching for Potential Pullback in Shares of Royal Caribbean After 1.16% Gain

By Amy Schwartz

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $123.95 to a high of $125.91. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $125.82 on volume of 606,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.60. Since that recommendation, shares of Royal Caribbean have risen 12.9%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Royal Caribbean share prices have moved between a 52-week high of $135.65 and a 52-week low of $101.20 and are now trading 24% above that low price at $125.86 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL