Carnival (CCL) Offering Possible 5.26% Return Over the Next 8 Calendar Days

Carnival's most recent trend suggests a bearish bias. One trading opportunity on Carnival is a Bear Call Spread using a strike $43.50 short call and a strike $48.50 long call offers a potential 5.26% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $43.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $48.50 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 26.12 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

Chess, squabbles aboard cruise ship cast away by coronavirus fears
Wed, 12 Feb 2020 08:00:57 +0000
HANOI/BANGKOK, Feb 12 (Reuters) – Angela Jones is on a cruise to nowhere. For nearly two weeks, the business consultant from the U.S. state of Georgia has been at sea on board the MS Westerdam, a ship of healthy passengers which has been turned away by Japan, Taiwan, Guam and the Philippines over fears that someone on the cruise may have the coronavirus. The latest country to shun the ship, which has 1,455 passengers and 802 crew on board, is Thailand, where the health minister has publicly refused to grant the Westerdam permission to dock.

Thailand bars cruise passengers amid coronavirus fears
Tue, 11 Feb 2020 00:59:38 +0000

Cruise Line Stocks Slip as Coronavirus Fears Continue and ‘Could Worsen’
Mon, 10 Feb 2020 17:51:00 +0000
Shares of Royal Caribbean Cruises and Carnival fell as markets continue to worry about novel coronavirus and its impact on consumers’ travel plans.

Where to Buy Stricken Cruise Line Stocks
Mon, 10 Feb 2020 14:22:10 +0000
Coronavirus fears have caused stormy seas for cruise ship companies so far this year. Here's where to buy their beaten-down stocks.

3 Top Dividend Stocks to Maximize Your Retirement Income – February 10, 2020
Mon, 10 Feb 2020 14:21:02 +0000
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.

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