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After Yesterday's Decline of 2.73%, Norwegian Cruise Offers Investors Better Value

By David Diaz

Norwegian Cruise (NYSE:NCLH) traded in a range yesterday that spanned from a low of $11.38 to a high of $11.96. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $11.39 on volume of 12.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Norwegian Cruise. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Norwegian Cruise in search of a potential trend change.

Norwegian Cruise share prices have moved between a 52-week high of $59.78 and a 52-week low of $7.03 and are now trading 62% above that low price at $11.41 per share. The 200-day and 50-day moving averages have moved 1.28% lower and 9.29% lower over the past week, respectively.

Keywords: rebounders norwegian cruise

Ticker(s): NCLH