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Barchart
Wajeeh Khan

Should You Chase the Rally in Royal Caribbean Stock Today?

Royal Caribbean RCL JPM JPMorgan Matthew Boss Iran Pakistan

Royal Caribbean (RCL) shares pushed meaningfully higher on April 8 after a Pakistan-brokered ceasefire between the U.S. and Iran sparked a relief rally across the travel sector. 

The upward momentum saw RCL break above its 20-day moving average (MA), a technical setup that’s broadly interpreted as a developing shift in favor of the bulls. 

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