Carnival (CCL) Offering Possible 36.99% Return Over the Next 7 Calendar Days

Carnival’s most recent trend suggests a bearish bias. One trading opportunity on Carnival is a Bear Call Spread using a strike $66.50 short call and a strike $71.50 long call offers a potential 36.99% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $66.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $71.50 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 49.4 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Carnival

Princess Cruises Anniversary Sale Offers Up to $600 Onboard Spending Money on Cruise Vacations to All Destinations Sailing from Summer 2018 through Spring 2019
Wed, 06 Dec 2017 23:31:00 +0000
Offer Includes Free Specialty Dining for All Guests in a Stateroom SANTA CLARITA, Calif. , Dec. 6, 2017 /PRNewswire/ — The Princess Cruises Anniversary Sale running now through Feb. 14, 2018 , offers …

Holland America Line Celebrates a Milestone for Newbuild Nieuw Statendam with Coin Ceremony Celebration at Fincantieri Shipyard
Wed, 06 Dec 2017 19:30:00 +0000
SEATTLE, Dec. 6, 2017 /PRNewswire/ — In anticipation of the upcoming float-out of ms Nieuw Statendam, Holland America Line held the ship’s coin ceremony Wednesday, Dec. 6, at Fincantieri’s Marghera shipyard in Italy. Following Italian shipbuilding tradition, Anne Marie Bartels, a member of Holland America Line’s esteemed President’s Club, served as the ship’s Madrina and participated in the festivities.

Holland America Line’s Popular View & Verandah Promotion Is Back with Upgrades, Onboard Spending Money and Shore Excursion Savings
Wed, 06 Dec 2017 19:00:00 +0000
SEATTLE, Dec. 6, 2017 /PRNewswire/ — Holland America Line’s popular View & Verandah promotion is back, and travelers who book select 2018 and 2019 cruises and Alaska Land+Sea Journeys will receive a variety of benefits that make it easier to explore the world and embark on a dream vacation. Guests who book an eligible cruise, will receive a stateroom upgrade, onboard spending money up to $500 per stateroom (depending on cruise length and stateroom category) and up to 10 percent off select EXC Tours (shore excursions). The View & Verandah offers are available on cruises embarking from March 28, 2018, through March 24, 2019, excluding Grand Voyages and Grand Voyage segments.

Cunard to Broadcast LIVE Red Carpet from “The Greatest Showman” World Premiere on Flagship Queen Mary 2
Wed, 06 Dec 2017 15:07:00 +0000
Live Red Carpet Interviews with Celebrities, Talent and Executives at First Hollywood Movie Premiere on a Passenger Ship VALENCIA, Calif. , Dec. 6, 2017 /PRNewswire/ — On Friday, December 8 , luxury cruise …

Morning Movers: DaVita, Bitcoin Soar; Home Depot, Snap Slump
Wed, 06 Dec 2017 14:06:00 +0000
Stocks were poised for a lower open Wednesday, following third-quarter productivity data and a surge in bitcoin past $12,000, which now makes it bigger than all but 16 S&P 500 components. S&P 500 futures were down 0.1% ahead of the open. The Dow Jones Industrial Average futures and Nasdaq futures were both off 0.3%.

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