Sailing above the 50 day: Carnival Corp.

by Josh Carnival Corp. (NYSE:CCL) is up 5.15% at $34.93 on a volume of 8,485,300 shares. Carnival Corp. is up after an earnings gapping above the 50 day moving average this morning. Shares have continued trading higher during todays session.

Bullish technical developments would include both the gap up and moving average crossover. Shares broke above the downward channel they have been bound to so far in 2013. The shares are still trading below the 200 day simple moving average currently at $35.59. Technicians use the 200 day average to identify long support and resistance.

52 Week Range $31.65-$39.95 Market Cap 28,141,148,336 Average Volume 5,037,342 Dividend Yield 3.01% Institutional Ownership 58.00% Insider Ownership: 0.10% Percentage of Float Short 1.50% Beta 1.33

Carnival Corp. Carnival Corporation is a global cruise company and one of the vacation companies in the world.

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