By BRUCE KAMICH May 17, 2023 | 03:07 PM EDT Stocks quotes in this article: CCL Carnival Corp. ( CCL) has largely traded sideways since last June, but below deck I am seeing some positive technical clues. Let's check with our travel agent and look at the charts. <\/p>\n<\/p>\n
In the daily bar chart of CCL, below, I can see a pattern of higher lows from early October. The shares made a high in February but it has not been challenged. CCL has crossed the 50-day and 200-day averages a number of times but is now above these two math-driven indicators. <\/p>\n<\/p>\n<\/p>\n
In the weekly Japanese candlestick chart of CCL, below, I see improving technical conditions. The shares are above the bottoming 40-week moving average line. <\/p>\n<\/p>\n
The weekly OBV line is up from its June low. The MACD oscillator is just slightly below the zero line. <\/p>\n<\/p>\n
In this daily Point and Figure chart of CCL, below, I can see that the shares reached an upside price target. <\/p>\n<\/p>\n
In this weekly Point and Figure chart of CCL, below, I can see a potential price target in the $21 area. <\/p>\n<\/p>\n
Bottom-line strategy:Inside passage, outside passage, Caribbean, Canada, Panama Canal -- whatever your interest there is probably a cruise for you.Meanwhile, you might consider booking a long position in CCL risking to $8. The $21 area is my price target for now. Add to longs above $12. <\/p>\n<\/p>\n
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Carnival Now Looks in Ship Shape for the High Seas - RealMoney - RealMoney<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By BRUCE KAMICH May 17, 2023 | 03:07 PM EDT Stocks quotes in this article: CCL Carnival Corp. ( CCL) has largely traded sideways since last June, but below deck I am seeing some positive technical clues Continue reading