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SmarTrend Watching for Potential Pullback in Shares of Royal Caribbean After 1.64% Gain

By James Quinn

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $114.43 to a high of $115.81. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $115.73 on volume of 509,000 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 $135.65 and are now at $115.54, 78% 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 its subscribers protect gains by selling shares of Royal Caribbean on March 1st, 2018 by issuing a Downtrend alert when the shares were trading at $125.30. Since that call, shares of Royal Caribbean have fallen 9.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL