Since May, shares of Carnival (CCL) exploded higher. We spotted the move in April and wrote about it here.

All thanks to strong seasonal demand for cruises.  

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However, after nearly doubling, CCL is now technically stretched, and overdue for a healthy pullback.  In fact, if we pull up a two-year chart of CCL, we can see how stretched it is.  RSI, MACD, and Williams’ %R are all over-extended.  And we can see it’s starting to fail at triple top dating back to early 2022.  Sure, the travel season has been hot so far. But CCL is up too much, too soon.


Ian Cooper