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Barchart
Wajeeh Khan

Carnival Is Challenging Its 50-Day Moving Average Amid Ceasefire Rally. Should You Buy CCL Stock Here?

Carnival (CCL) shares are inching higher on April 8 after a sudden de-escalation in the Middle East sent waves of optimism through the entire travel sector. 

As the U.S. and Iran agreed to a two-week ceasefire contingent on the Strait of Hormuz remaining open, CCL rallied and challenged its 50-day moving average (MA) on Wednesday morning. 

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