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After Yesterday's Decline of 5.48%, Royal Caribbean Offers Investors Better Value

By Nick Russo

Royal Caribbean (NYSE:RCL) traded in a range yesterday that spanned from a low of $34.52 to a high of $37.01. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $37.78 on volume of 13.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Royal Caribbean have traded between a low of $19.25 and a high of $135.31 and are now at $33.95, which is 76% above that low price. The 200-day and 50-day moving averages have moved 1.17% lower and 5.85% lower over the past week, respectively.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL