We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Norwegian Cruise Line (NCLH) Recently Broke Out Above the 20-Day Moving Average
Norwegian Cruise Line (NCLH - Free Report) 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.