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Watch for Royal Caribbean to Potentially Rebound After Falling 1.41% Yesterday

By James Quinn

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $107.20 to a high of $110.30. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $107.53 on volume of 740,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Royal Caribbean has traded in a range of $101.20 to $135.65 and is now at $107.58, 6% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Royal Caribbean and will alert subscribers who have RCL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL