Many investors have spotted Carnival Corporation as a huge opportunity given its incredible turnaround story. One major aspect of this agenda is to be stricter about allowing open bottles on their ships, because many were sneaking vodka and other liquors onboard. This means more revenue and more profit for Carnival - what's not to like?
From a technical standpoint, I like where the stock is right now. View the charts of CCL by clicking here. From the 5 year chart it is easy to see the cup-and-handle pattern. CCL has recently bumped up against its resistance level of about $48.50 and pulled back, but I don't see this as a bad thing. After pulling back approximately 13% from a high of $49.21 to a low of $43.11 (a failed breakout attempt), I think a well-defined handle has been formed, signaling that CCL is a buy. You certainly wouldn't be early, but I think that if you got in after the stock price begins with a "5" you would certainly catch a breakout/be suited for a longer term position. For more confirmation, I turned to the MACD. This indicator recently made a bullish crossover (the red line crossed above the white line), which makes me believe that this handle is legitimate and CCL is ready to breakout to the upside.
I'm not saying I'm some sort of MACD guru, but I am saying that I pretty much nailed it with Rite Aid. See that article here.
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