Hurricanes & Cruise Lines
$NCLH $CCL $RCL
In the face of terrifying meteorological events ahead in Florida, cruise lines are catching a bid. Some interesting developments are occurring on the charts.
Both of these charts are tempting a close above their 200 week moving average for the first time since their precipitous falls during COVID. The week isn’t over, but this is worth watching, as the ability to do so could represent an area to risk manage a long position against.
RCL 0.00%↑ has been the leader within this cohort, but will that remain so? Some relative charts for your consideration -
I’m watching NCLH 0.00%↑ and CCL 0.00%↑ for their respective weekly closes.
