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Watch for Royal Caribbean to Potentially Rebound After Falling 5.12% Yesterday

By Nick Russo

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $117.82 to a high of $123.92. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $119.66 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Royal Caribbean on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.49. Since that recommendation, shares of Royal Caribbean have risen 22.4%. We continue to monitor RCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Royal Caribbean share prices have been bracketed by a low of $64.95 and a high of $125.00 and are now at $117.96, 82% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL