The breakout in cruise line stocks may be just getting started, according to the charts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Breaking News: Markets News

Markets,Entertainment,Carnival Corp

David Keller breaks down the charts on Carnival.

With a resurgence of travel demand driving strong earnings and analyst upgrades, the cruise line industry appears to be entering a new bullish regime. While charts like Carnival Corp. have once again become overbought, the strength of the recent breakout suggests they may just be getting started. Starting with the weekly chart, we can see that over the last 18 months, Carnival had found consistent resistance around $19.50.

Click here for the full disclaimer.Todd Gordon

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines