Carnival (CCL) Offering Possible 11.11% Return Over the Next 13 Calendar Days

Carnival's most recent trend suggests a bearish bias. One trading opportunity on Carnival is a Bear Call Spread using a strike $52.00 short call and a strike $57.00 long call offers a potential 11.11% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $57.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Carnival is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Carnival is bearish.

The RSI indicator is at 29.9 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Carnival

Cuba's private-sector workers say Trump's travel curbs will hurt them too
Thu, 06 Jun 2019 00:12:13 +0000
Lazaro Hernandez, who has made a good living showing U.S. cruise ship passengers around Havana in his pink 1950s Chevrolet, says the new U.S. ban on cruises to Cuba will wipe out 90% of his business overnight. Hernandez is one of thousands of Cubans who benefited from the boom in American visitors to the Caribbean's largest island following the loosening of travel restrictions under former U.S. President Barack Obama during the short-lived 2014-2016 detente between the Cold War foes.

Cruise lines scramble to reroute voyages, refund customers after Cuba ban
Wed, 05 Jun 2019 18:35:59 +0000
Cruise companies were not surprised by the Trump administration's announcement that cruises from the U.S. to Cuba are once again banned, but the timing of its effect likely caught them off guard. Since the policy was announced Tuesday, cruise companies have scrambled to reroute voyages and refund guests who booked trips to the island. The move will likely cost South Florida-based companies such as Carnival Corp. (NYSE: CCL), Royal Caribbean Cruises Ltd. (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) tens of millions of dollars, cruise analyst David Beckel, of New York-based AB Bernstein, told the Business Journal.

Carnival to cease Port Tampa Bay service to Cuba due to travel ban
Wed, 05 Jun 2019 17:39:57 +0000
Carnival said it is working to secure alternative itineraries for the remainder of its Cuba voyages.

UPDATE 5-U.S. cruise operators stop sailing to Cuba, travelers vent anger online
Wed, 05 Jun 2019 13:40:02 +0000
The new restrictions are aimed at pressuring Cuba's Communist government to reform and stop supporting Venezuelan President Nicolas Maduro. “Due to changes in U.S. policy, the company will no longer be permitted to sail to Cuba effective immediately,” Carnival Corp said. A spokesman for Norwegian Cruise Line Holdings Ltd said the company had ceased all calls to Cuba and was modifying previously scheduled sailings.

Princess Cruises Announces Summer of Shark Activities Onboard Caribbean Princess Sailings
Wed, 05 Jun 2019 10:02:00 +0000
As part of the cruise line's Discovery at SEA program, Caribbean Princess will be celebrating sharks all summer with a variety of activities and games that will challenge adults and kids alike on the myths and interesting facts about sharks. Shark Week programming will be available on stateroom televisions, as well as a special premier party with exclusive content available on June 15 in advance of the television airings. “Our guests have been captivated by our Summer of Shark programming taking them on a journey to the depths of the sea to uncover the secrets of the ocean's top creature,” said Denise Saviss, Princess Cruises vice president entertainment experiences.

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