Cruise ships seem to be getting more elaborate every year. From water slides high up over the ocean, to real grass top decks and stunning restaurants throughout, the industry is growing in diversity and customer experiences.
Recently, the trends have started to change on some of the cruise line companies charts. Carnival Cruise Lines (CCL) and Royal Carribbean Cruise Lines (RCL) are moving higher and Norwegian Cruise Lines (NCLH) is the weakest of the three but still climbing.
Norwegian Cruise Lines (NCLH) pushed to new 8-month highs this week. The SCTR has been steadily improving but still sits under 70. Notice the November low was higher than the September low which is different than a lot of the market charts. That is a good bullish signal, but the stock is still behind its peers.
The chart for Royal Carribbean Cruise Lines (RCL) is trying to break out to 52-week highs. The SCTR sits right around 75. A breakout to new 52-week highs would draw in more investors so this is one to watch.
Lastly, the Carnival Corporation (CCL) chart is floating on the high seas. Last week CCL tried to break a wave higher to all-time highs. This week the stock closed near the highs but not quite at a new all time high. Support lies about 8% lower at the $50-$51 range.
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Greg Schnell, CMT, MFTA.