Carnival (CCL) Offering Possible 9.89% Return Over the Next 30 Calendar Days

Carnival's most recent trend suggests a bullish bias. One trading opportunity on Carnival is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 9.89% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $42.50 long put strike price.

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

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

The RSI indicator is at 75.66 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

Kids Sail Free on All Holland America Line 2020 Alaska, Europe and Canada/New England Cruises When Booked Sept. 16 – 26, 2019
Mon, 16 Sep 2019 21:27:00 +0000
SEATTLE , Sept. 16, 2019 /CNW/ — National Family Day is just around the corner, and Holland America Line is offering a new Who's in Your Crew? From Sept. 16-26, 2019 , kids will sail free when on a 2020 Alaska, Europe and Canada & New England cruise. This means a family of four sailing on a seven-day Alaska cruise next summer can save up to $2,606 on a suite booking.

Cruise ship stocks fall as drawn-out spike in oil prices could act as a drag on earnings
Mon, 16 Sep 2019 16:26:00 +0000
Shares of cruise ship operators slumped in midday trading Monday, amid concerns that the spike in crude oil prices could act as a drag on earnings. Carnival Corp.'s stock fell 2.6%, Royal Caribbean Cruises Ltd. shares lost 1.3% and Norwegian Cruise Line Holdings Ltd. shares dropped 2.2%, all underperforming the S&P 500's 0.5% decline. Crude oil futures shot up 11.5% after the weekend attack on Saudi Aramco's Abqaig oil processing plant. Instinet analyst Harry Curtis said the impact on earnings for cruise operators depends on how long it takes to get full production at the oil processing plant up and running. He estimates a sustained 10% jump in oil prices could cut annual earnings for Carnival by 24 cents a share, Royal Caribbean by 17 cents a share and Norwegian by 9 cents a share. "If the production gap is filled within days rather than weeks or months, then we believe close-in weakness in the stocks…should be viewed as a buying opportunity, much like the temporary impact of hurricanes," Curtis wrote in a note to clients.

Carnival Corporation Names Sandra Rowlett to Newly Created Role of Vice President, Incident Analysis Group
Mon, 16 Sep 2019 13:38:00 +0000
NYSE: CUK), the world's largest leisure travel company, today announced the appointment of Sandra Rowlett as vice president of the company's newly created Incident Analysis Group (IAG). Rowlett reports directly to Peter Anderson, the newly appointed chief ethics and compliance officer for Carnival Corporation, and is based at the company's headquarters in Miami. In this role leading IAG, Carnival Corporation's new internal investigations group, Rowlett will oversee a team of global investigators focused on analyzing select health, environment, safety and security (HESS) events within the company's nine cruise line brands.

Grab Carnival Corporation & Plc (NYSE:CCL) Today With A Solid 4.0% Dividend Yield
Sun, 15 Sep 2019 13:43:21 +0000
Over the past 10 years Carnival Corporation & Plc (NYSE:CCL) has grown its dividend payouts from $0.40 to $2. With a…

Carnival Corporation's Cruise Line Brands Resume Regular Sailings to The Bahamas
Fri, 13 Sep 2019 12:30:00 +0000
NYSE: CUK), the world's largest leisure travel company, today announced the company's cruise brands are returning to The Bahamas and resuming regular guest sailings for the first time since Hurricane Dorian arrived earlier this month.

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