Carnival's most recent trend suggests a bearish bias. One trading opportunity on Carnival is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 17.65% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $41.00 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 22.62 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Carnival
Chinese shipbuilder joins Carnival cruise venture
Wed, 15 Oct 2014 16:25:42 GMT
Financial Times – China's largest shipbuilder is setting sail into uncharted waters by building the country's first cruise vessels, potentially opening a lucrative new sector for the struggling industry. Carnival Corporation, …
Why Carnival (CCL) Stock Is Gaining Today
Wed, 15 Oct 2014 12:02:00 GMT
Carnival Mulls Possible Ship Building Joint Venture In China
Wed, 15 Oct 2014 11:46:00 GMT
2:06 am Carnival and largest Chinese Shipyard sign Memo of Understanding aimed at growing the cruise industry in China
Wed, 15 Oct 2014 06:06:00 GMT
Carnival mulls China ship building joint venture
Wed, 15 Oct 2014 05:57:55 GMT
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