Tuesday, June 04, 2019 12:54:53 PM
Today, all of the major cruise line stocks are falling lower on the session. The catalyst for the decline is due to the U.S. unveiling amendments to the Cuban Assets Control Regulations, banning educational and recreational travel. Stocks such as Norwegian Cruise Line Holdings LTD (NYSE:NCLH), Royal Caribbean Cruises LTD (NYSE:RCL) and Carnival Corp (NYSE:CCL) are all trading in negative territory today.
Norwegian Cruise Line Holdings LTD (NYSE:NCLH) is getting hit the worst today trading lower by 4.29% to $51.97 a share. The stock is testing its important 200-day moving average. A weekly close below this key support level would likely signal more downside in the near term. The next major support level for NCLH stock would around the $47.00 area. This level is where the stock broke out in late January 2019. It is also an important retrace level that should be defended by the institutional crowd.
Nicholas Santiago
InTheMoneyStocks
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