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StockNews.com
StockNews.com
Business
Anushka Dutta

Is Royal Caribbean (RCL) a Good Travel Stock to Buy Today?

Royal Caribbean Cruises Ltd. (RCL) is a cruise company that operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands. Like most tourism segments, cruise travel is strongly rebounding, reaping benefits from “revenge travel,” which should bode well for RCL.

The stock has gained significant momentum lately. RCL closed its last trading session at $87.60, considerably higher than its 50-day moving average of $69.55 and 200-day moving average of $59.23.

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