The Relative Strength (RS) Rating for Carnival (CCL) moved up into a new percentile Tuesday, as it got a lift from 67 to 71.
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This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 as they launch their largest price moves. See if Carnival can continue to rebound and hit that benchmark.
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Carnival broke out earlier, but has fallen back below the prior 24.48 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it’s considered a failed breakout. If that happens, it’s best to wait for a new base to take shape. Also understand that the latest consolidation is a later-stage base, and such bases are more prone to failure.
EPS growth fell last quarter from 0% to -425%, but revenue rose from -100% to -99%. Keep an eye out for the company’s next round of numbers on or around Mar. 19.
Carnival holds the No. 29 rank among its peers in the Leisure-Services industry group. RCI Hospitality (RICK) and Marriott Vacations World (VAC) are also among the group’s highest-rated stocks.
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The post Carnival Sees RS Rating Improve To 71 appeared first on Investor's Business Daily.
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Originally published at https://www.investors.com/ibd-data-stories/carnival-sees-rs-rating-improve-to-71/ on .
