Long Position on CCL @ $71.00 on 1/25/2018 (Momentum)

Carnival Corporation (CCL) operates as a leisure travel and cruise company.

It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

The company operates approximately 100 cruise ships.

It also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which owns and operates hotels, lodges, glass-domed railcars, and motor coaches. In addition, the company is involved in the leasing of cruise ships.

It sells its cruises primarily through travel agents and tour operators. 

Shares have broken out of a bullish "cup and handle" following the company's quarterly report. The company reported a strong report and guided higher going forward. Higher share prices are expected for this stock.

Entry Point: $71.00

Stop Loss: $67.45

52-Weeks Trading Range: $54.75 to $71.49

Target Price: $78.10

Updates

3/5/2018 1:07:16 PM

CCL closed at $65.20

Position closed on 3/5/2018 at price of $65.20 with a -8.17% loss in 39 days.

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