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Watch for Shares of Carnival Corp (CCL) to Approach Support at $61.06

By Nick Russo

Shares of Carnival Corp (NYSE:CCL) opened today below their pivot of $62.19 and have already reached the first level of support at $61.79. Investors may be interested in a cross of the next downside pivot targets of $61.06 and $59.93.

Carnival Corp share prices have moved between a 52-week high of $72.70 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

There is potential upside of 0.0% for shares of Carnival Corp based on a current price of $0.00 and an average consensus analyst price target of $76.44. The stock should find initial resistance at its 50-day moving average (MA) of $59.60 and further resistance at its 200-day MA of $64.19.

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 3.2%. We continue to monitor CCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts carnival corp

Ticker(s): CCL