user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 452738 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Watch for Shares of Carnival (CCL) to Approach Resistance at $36.50

Published on Tue, 03/05/2013 - 10:42
By Adrienne Chilton

Shares of Carnival (NYSE:CCL) have bullishly opened above the pivot of $36.02 today and have reached the first resistance level of $36.32. Should the shares continue to rise, the resistance pivots of $36.50 and $36.98 will be of interest.

Carnival share prices have moved between a 52-week high of $39.95 and a 52-week low of $29.22 and are now trading 24% above that low price at $36.32 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.4%.

Carnival Corporation owns and operates cruise ships offering cruises to all major vacation destinations including North America, the United Kingdom, Germany, Southern Europe, South America and Asia/Pacific. The Company, through a subsidiary also owns and operates hotels and lodges.

Carnival has overhead space with shares priced $36.32, or 13.7% below the average consensus analyst price target of $42.08. The stock should find resistance at its 50-day moving average (MA) of $37.41, as well as support at its 200-day MA of $35.91.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Toronto-Dominion Bank: The Winning Strea...

Shares of Toronto-Dominion Bank (NYSE:TD) traded at a new 52-week high today of $53.49. ...

TravelCenters of America Looks to Contin...

Shares of TravelCenters of America (AMEX:TA) traded at a new 52-week high today of $11. ...

Shares of Sempra Energy Rise Above Previ...

Sempra Energy (NYSE:SRE) traded today at a new 52-week high of $105.32. This new high ...

Shares of Signet Jewelers Rise to a New ...

Signet Jewelers (NYSE:SIG) traded today at a new 52-week high of $117.42. Approximatel ...

Watch for Continued Gains in Shares of S...

Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $218.79. This new hi ...

Watch for Continued Gains in Shares of S...

Shares of Service International (NYSE:SCI) traded today at $22.17, breaking its 52-week ...

Dr Reddys Laboratories: The Winning Stre...

Dr Reddys Laboratories (NYSE:RDY) traded at a new 52-week high today of $48.93. Approx ...

QEP Resources Looks to Continue to Trade...

QEP Resources (NYSE:QEP) traded today at a new 52-week high of $35.47. Approximately 5 ...