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Look for Shares of Royal Caribbean to Potentially Rebound after Yesterday's 5.48% Sell Off

By Amy Schwartz

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.

Over the past year, Royal Caribbean has traded in a range of $19.25 to $135.31 and is now at $33.95, 76% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 5.8%.

Keywords: rebounders Royal Caribbean

Ticker(s): RCL