Carnival Corporation (NYSE:CCL) Charts Indicating Positive Momentum – Hawthorn Caller

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Carnival Corporation (NYSE:CCL) is holding above the stock’s moving averages, indicating a postitive uptrend for Services company.

Successful traders often craft disciplined strategies when dealing with the stock market. These strategies can range from very simple to very complex. Following a specific strategy might help keep emotions on the sidelines when trouble comes. Conducting the proper analysis before things get out of hand can help ease the burden of market turmoil because the preparation has already started. The road to becoming a good trader may be long and winding. Keeping tabs on all the macro and micro economic happenings may seem like an impossible task. Focusing on the important elements can help keep the trader directed down the right path. There is obviously a lot to be learned by studying the markets, and there are rarely any shortcuts that can be taken to lasting success in the stock market.

In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average.  The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 5.38% away from its 50-day simple moving average and -2.74% away from the 200-day average. The price currently stands at $57.75.

Investors have a wide range of tools at their disposal when undertaking stock research. Many investors will opt to use a combination of technical and fundamental analysis. Staying on top of the stock market is no easy task. Knowing what information is important and how to interpret that information can be the difference between substantial profits and big losses. Investors are commonly trying to find a way to achieve long lasting success in the stock market. Many investors will experience temporary success that may give them false confidence down the road. Digging into the details and learning as much as possible about how markets work can be a huge help to the investor. 

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Carnival Corporation (NYSE:CCL)‘s stock was 18.28%.  2.17% over the last quarter, and  -0.17% for the past six months. 

Over the past 50 days, Carnival Corporation stock was -7.63% off of the high and 26.53% removed from the low.  Their 52-Week High and Low are noted here.  -18.15% (High), 26.53%, (Low). 

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 62.81 for Carnival Corporation (NYSE:CCL).

The consensus analysts recommendation at this point stands at 1.90 on this stock.  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.  The Street has a 66.63 target price on the shares for the next 12-18 months.

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