Carnival Booked a New High

Published on Thursday, 18 October 2012 12:34 Written by TradersHuddle Wire

ccl New York, October 18th (TradersHuddle.com) - Shares of Carnival Corporation (NYSE:CCL) booked a new 52 week high today by trading above $39, traders are definitely monitoring Carnival's price action to see if this move attracts further buying into the stock.

Carnival Corporation (NYSE:CCL) owns and operates cruise ships offering cruises to all major vacation destinations all around the world. The Company, through a subsidiary also owns and operates hotels and lodges.

Carnival is currently trading 1.12% versus its previous trading session close, and it has calculated support and resistance at $35.91 and $37.74 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading higher by 0.14% from its previous trading close, which means that Carnival stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

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