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Watch for Norwegian Cruise to Potentially Pullback After Gaining 2.36% Yesterday

By Shiri Gupta

Norwegian Cruise (NYSE:NCLH) traded in a range yesterday that spanned from a low of $51.52 to a high of $53.00. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $51.82 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Norwegian Cruise share prices have moved between a 52-week high of $61.48 and a 52-week low of $34.16 and are now trading 54% above that low price at $52.76 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Norwegian Cruise on May 1st, 2018 by issuing a Downtrend alert when the shares were trading at $53.34. Since that call, shares of Norwegian Cruise have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders norwegian cruise

Ticker(s): NCLH