Carnival Offering Possible 6.38% Return Over the Next 22 Calendar Days

Carnival's most recent trend suggests a bullish bias. One trading opportunity on Carnival is a Bull Put Spread using a strike $34.00 short put and a strike $29.00 long put offers a potential 6.38% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $34.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $29.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Carnival is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Carnival is bullish.

The RSI indicator is at 73.11 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Carnival

Short Interest In Carnival Expands By 10.4%
Fri, 25 Oct 2013 19:05:00 GMT
Forbes – The most recent short interest data has been released by the NASDAQ for the 10/15/2013 settlement date, which shows a 1,711,225 share increase in total short interest for Carnival Corp. (NYSE: CCL), to 18,092,440, an increase of 10.45% since 09/30/2013. Total short interest is just one way to look at […]

CEOs Who Remain Chairmen Are Bad for Business
Fri, 25 Oct 2013 14:28:44 GMT
Motley Fool – CEOs who remain as chairmen while appointing a successor create a balance of power problem at the top of the firm. That typically leads to value destruction and succession planning problems.

Royal Caribbean set for strong 2014 as Europe cruise demand rises
Thu, 24 Oct 2013 18:25:08 GMT

Royal Caribbean set for strong 2014 as Europe cruise demand rises
Thu, 24 Oct 2013 18:22:56 GMT
Reuters – Royal Caribbean Cruises Ltd reported strong bookings for 2014 as more vacationers opted for its Europe cruises, helping the world's second-largest cruise operator take market share from Carnival Corp . …

A Supposedly Cheap Thing the Cruise Industry Never Wants to Do Again
Thu, 24 Oct 2013 09:55:46 GMT
BusinessWeek – Cruise lines are awash in discounts these days as they try to move on from a year they'd like to forget

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