• Return to Headlines

Watch for Carnival Corp to Potentially Pullback After Gaining 1.58% Yesterday

By Shiri Gupta

Carnival Corp (NYSE:CCL) traded in a range yesterday that spanned from a low of $62.67 to a high of $64.14. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $62.82 on volume of 2.1 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 recommended that subscribers consider buying shares of Carnival Corp on August 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.60. Since that recommendation, shares of Carnival Corp have risen 3.5%. We continue to monitor CCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Carnival Corp have traded between a low of $56.45 and a high of $72.70 and are now at $63.86, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders carnival corp

Ticker(s): CCL