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Upgrade Alert for Carnival (CCL)

By Shiri Gupta

Carnival (NYSE:CCL) was upgraded from Neutral to Buy at Tigress Financial today. The stock closed yesterday at $47.74 on volume of 6.0 million shares, above average daily volume of 4.4 million.

Carnival (NYSE:CCL) has potential upside of 20.5% based on a current price of $47.74 and analysts' consensus price target of $57.52. The stock should find initial resistance at its 50-day moving average (MA) of $49.48 and further resistance at its 200-day MA of $50.34.

Carnival Corporation owns and operates cruise ships offering cruises to all major vacation destinations including North America, the United Kingdom, Germany, Southern Europe, South America and Asia/Pacific. The Company, through a subsidiary also owns and operates hotels and lodges.

Over the past year, Carnival has traded in a range of $40.52 to $55.77 and closed yesterday at $47.74, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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

Keywords: analyst upgrades/downgrades Carnival

Ticker(s): CCL