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Barchart
Barchart
Wajeeh Khan

Royal Caribbean Stock Pops as Strait of Hormuz Opens. What Barchart Data Says to Do Next.

Royal Caribbean Barchart RCL Strait Iran Oil Strait of Hormuz

Investors rushed into Royal Caribbean (RCL) last Friday after Iran declared the Strait of Hormuz open to all commercial vessels for the duration of the ceasefire. 

As the announcement crashed oil prices, RCL ripped through its 20-day moving average (MA), signaling that the bulls are beginning to take back control, at least in the near term. 

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