On Wednesday, Carnival stock got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 77.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Carnival stock can continue to rebound and hit that benchmark.
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Is Carnival Stock A Buy?
Carnival is working on a wide cup without handle with a 19.74 entry. See if the leisure stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cruise ship operator reported 0% EPS growth last quarter. Revenue gains came in at 18%.
Carnival stock holds the No. 3 rank among its peers in the Leisure-Services industry group. Royal Caribbean Group is the No. 1-ranked stock within the group.
