Carnival (CCL) Offering Possible 13.64% Return Over the Next 29 Calendar Days

Carnival's most recent trend suggests a bearish bias. One trading opportunity on Carnival is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 13.64% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $65.00 long call 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 down which suggests that the medium-term momentum for Carnival is bearish.

The RSI indicator is at 30.2 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

Carnival Cruise Line To Offer First-Ever Series Of Voyages From San Francisco Aboard Carnival Miracle In 2020; Line To Return To San Diego For Winter Cruises In 2020-21
Tue, 18 Dec 2018 16:10:00 +0000
MIAMI , Dec. 18, 2018 /PRNewswire/ — Carnival Cruise Line today announced that for the first time, it will offer a series of cruises from San Francisco , with Carnival Miracle operating a diverse schedule …

A Sure Bet: Cruise Ship Casinos Pay Off with Jackpots, Friends and Making Guests Feel at Home
Tue, 18 Dec 2018 13:30:00 +0000
“Carnival Cruise Line just makes it so much fun,” Ostrokol says. “I do love slot machines, and I play them all. David Simpson of Leesburg, Fla., says arriving at a ship casino is akin to coming home.

50th Anniversary Celebration Of Otis Redding's “(Sittin' On) The Dock Of The Bay” Concludes With Star-Studded Video
Tue, 18 Dec 2018 13:00:00 +0000
LOS ANGELES, Dec. 18, 2018 /PRNewswire/ — Princess Cruises, Playing For Change, and the Estate of Otis Redding have teamed up to produce a new video to celebrate the 50th anniversary of Otis' iconic hit “(Sittin' On) The Dock of the Bay” filmed in port cities around the world visited by Princess Cruises – San Francisco, Los Angeles, Ft. Lauderdale, Hawaii, Jamaica and Barcelona. The newest addition to Playing For Change's “Songs Around The World” series, features an all-star track including Jack Johnson, Corinne Bailey Rae, Aloe Blacc, Dexter and Otis Redding III, James Gadson, Louis Mhlanga, the students from the Otis Redding Foundation Music Camp, Claire Finley, Irie Love, Mar Sanchez, and the Rass Brass Extension.

Seabourn Widely Recognized As Best Of The Best, Receiving More Than 35 Top Travel Awards In 2018
Mon, 17 Dec 2018 19:55:00 +0000
Readers' Polls, Critics and Travel Professionals Honor Cruise Line with Top Rankings SEATTLE , Dec. 17, 2018 /PRNewswire/ — With the close of the 2018 travel awards season, Seabourn , the world's finest …

Carnival Corporation Will Launch Four New Ships in 2019 – And One “Debuts” as a Float in New Year's Day Rose Parade
Mon, 17 Dec 2018 13:30:00 +0000
Company's Carnival Cruise Line brand to showcase upcoming Carnival Panorama with its first float in world-famous Rose Parade Three of cruise industry's leading brands – Carnival Cruise Line, Costa Cruises …

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