Carnival Sets Sail
$CCL
I wrote a piece about a month ago on the relative positioning of the cruise line stocks relative to SPY 0.00%↑ .
CCL 0.00%↑ is on the move after releasing earnings this morning. Chart below shows that current price is within a pretty thick band of volume, including lots of selling history. If the sellers don’t come around this time, the stock could be poised to at least test those end of 2023 highs.
Longer term, the stock hasn’t been above its 200 week moving average in more than 5 years. It’s not that far away, and that open up even more longer term potential.
