Keep an eye on Royal Caribbean (RCL).

After a recent pullback, the cruise stock is oversold on RSI, MACD, and Williams’ %R. It also just caught support at its 50-day moving average and is starting to pivot higher.

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Analysts at Mizuho just initiated a buy rating on the RCL stock, with a price target of $164.  “The firm says the company should be able to drive incremental demand through the expansion of existing destinations, the development of new attractions, as well as differentiated ships,” according to TheFly.com.

Barclays’ analysts also raised their price target on RCL to $154 with an overweight rating ahead of the company’s earnings call on April 25. The firm expects to see positive demand and yield updates when RCL reports its earnings later this month.

Sincerely,

Ian Cooper