Carnival (CCL) Offering Possible 5.26% Return Over the Next 28 Calendar Days

Carnival's most recent trend suggests a bearish bias. One trading opportunity on Carnival is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 5.26% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $67.50 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 24.63 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 (CCL) Banks on Strategic Initiatives for Growth
Wed, 17 Oct 2018 14:34:02 +0000
Carnival's (CCL) performance is likely to be driven by addition of ships and robust booking trend.

Carnival Corporation & plc Declares Dividend
Wed, 17 Oct 2018 13:15:00 +0000
MIAMI , Oct. 17, 2018 /PRNewswire/ —  Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that it has declared a quarterly dividend of $0.50 per share. The company's boards of directors …

World-Renowned Designer Appointed Creative Director of New Cunard Ship
Tue, 16 Oct 2018 14:07:00 +0000
Adam D Tihany to lead the creative team VALENCIA, Calif. , Oct. 16, 2018 /PRNewswire/ — Luxury cruise company, Cunard is proud to announce that world-renowned designer, Adam D. Tihany has been appointed …

Carnival Cruise Line to Complete Most Extensive Fleetwide Enhancement Program in Cruising
Tue, 16 Oct 2018 12:45:00 +0000
Announces Refurbishment for Carnival Victory, to be Renamed Carnival Radiance MIAMI , Oct. 16, 2018 /PRNewswire/ — Carnival Cruise Line – The World's Most Popular Cruise Line®” – today announced …

Carnival Corporation to Charter Three Cruise Ships to Support APEC Summit
Tue, 16 Oct 2018 12:30:00 +0000
Two brands from world's largest leisure travel company – P&O Cruises Australia and Princess Cruises – will provide accommodations in Papua New Guinea for November gathering of Asia-Pacific Economic Cooperation …

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