Yahoo Finance Norwegian Cruise Line (NCLH) Recently Broke Out Above the 20-Day Moving Average
Norwegian Cruise Line (NCLH) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NCLH crossed above the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages.
The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of NCLH have been moving higher over the past four weeks, up 10.3%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that NCLH could be poised for a continued surge.
The bullish case only gets stronger once investors take into account NCLH's positive earnings estimate revisions. There have been 7 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch NCLH for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
