Nicholas Santiago
InTheMoneyStocks
Friday, November 10, 2017
Norwegian Cruise Line Sinks After Weak Guidance
Today, leading cruise line operator, Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), is falling after reporting earnings. NCLH stock is trading lower by nearly 3.0 percent on the back of weaker guidance. Other leading cruise line stocks such as Royal Caribbean Cruises Ltd. (NYSE:RCL) and Carnival Corporation (NYSE:CCL) are also declining in sympathy to Norwegian Cruise Line Holdings shares. Traders must now notice the bearish consolidation pattern on NCLH stock chart. This pattern signals a decline down to the $48.50 area. This level should be solid support for a bounce in the stock when it tests that level.
