NCLH closes higher for the 3rd day in a row
Norwegian Cruise Line (NCLH) Technical Analysis Report for Sep 14, 2018
Moving higher for the 3rd day in a row, NCLH finished the week 3.93% higher at 55.47 after surging $1.48 (2.74%) today on high volume. This is the biggest single day gain in over a month. Today's closing price of 55.47 marks the highest close since April 25th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 54.23, Norwegian Cruise confirms its breakout through the prior session's high having traded $1.46 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $1.56 (2.88%), that's far above last trading month's daily average range of $0.82. Weekly volatility is also higher, being above the markets average with the monthly volatility being below average.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
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