Cruise Line Stocks To Watch

Cruise Line Stocks To Watch

One area that’s been doing rather well on the short side, for whatever reason, is cruise lines. Royal Caribbean Cruises (NYSE:RCL) is a good example. Take a look and the multiple tinted instances of major reversals, as well as the most recent breakdown of a huge wedge pattern.

RCL Ltd Chart

RCL Ltd Chart

Looking closer, we can see the recent 10% drop in just a few days. Short-term, yes, it seems oversold, but these are serious breakdowns.

RCL Chart

RCL Chart

A related firm is symbol CCL, Carnival (NYSE:CCL), which also has suffered the breakdown of a major uptrend, dating back to the bottom of the financial crisis.

CCL Chart

CCL Chart

A final, somewhat more obscure example is Norwegian Cruise Line Holdings (NYSE:NCLH) which is showing its third major reversal pattern on the chart below.

NCLH Chart

NCLH Chart

Cruise Line Stocks To Watch

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