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

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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.

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LATEST NEWS for Carnival

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Wed, 06 Dec 2017 23:31:00 +0000
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Wed, 06 Dec 2017 19:30:00 +0000
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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
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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
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