Royal Caribbean Cruises Ltd. (RCL) : Traders are bullish on Royal Caribbean Cruises Ltd. (RCL) as it has outperformed the S&P 500 by a wide margin of 6.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.82% in the last 1 week, and is up 8.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Royal Caribbean Cruises Ltd. (NYSE:RCL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.65 and $73.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.48, notching a gain of 1.61% for the day. The total traded volume was 2,738,066 . The stock had closed at $73.30 on the previous day.
The stock has recorded a 20-day Moving Average of 4.13% and the 50-Day Moving Average is 2.67%. Royal Caribbean Cruises Ltd. is up 0.06% in the last 3-month period. Year-to-Date the stock performance stands at -25.67%.
Royal Caribbean Cruises Ltd. (RCL) stock is expected to deviate a maximum of $13.3 from the average target price of $95.67 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $119 and the most muted being $71.
Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together, these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105,750 berths. The Companys ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, South America and New Zealand. Celebrity Cruises offers a variety of itineraries, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, Hawaii, New Zealand, the Panama Canal and South America.