Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Is Norwegian Cruise Line Setting Up for a Big Move? By: StockNews.com September 14, 2021 at 06:14 AM EDT An ascending triangle has formed in the chart of Norwegian Cruise Line (NCLH). If the stock breaks through its resistance line, a breakout is expected to occur. Read more to learn how to take advantage of this trade.Norwegian Cruise Line (NCLH) is the world's third- largest cruise company by berths, operating 28 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company is growing capacity faster than its peers, expanding its brand globally.The company has been benefiting from strong demand and growth in booking volume. Its overall cumulative bookings for 2022 are ahead of 2019 levels. However, the impact of the COVID-19 pandemic on its business results is uncertain as the Delta variant remains a concern.NCLH’s balance sheet looks good with $2.8 billion in cash as of the most recent quarter compared with only $361 million in short-term debt. While sales are down 99.5% year over the past year, they are expected to rise 3,232% year over year in the current quarter.The stock appears overvalued based on its forward P/E of 35.09. From June to August NCLH’s stock was trending down. Performance has been mixed since as shown in the chart below.Take a look at the 1-year chart of NCLH below with my added notations: Chart of NCLH provided by TradingViewNCLH has formed resistance around the $26 (red) area over the past month or two. In addition, the stock has also started an up-trending support line (green). These two lines have NCLH stuck within a common pattern known as an ascending triangle.Click Here to Read the Greatest Trading Book Ever WrittenA long trade could be made on a break through the triangle resistance level with a protective stop place under the entry point.Want to Discover More Great Trades?What is better than finding the 1 attractive stock in this article?Discovering 5 timely trades...like the ones in this new special report. Click below to claim your free copy now!5 Stocks Ready to BREAKOUT!NCLH shares were trading at $25.24 per share on Tuesday morning, down $0.06 (-0.24%). Year-to-date, NCLH has declined -0.75%, versus a 20.14% rise in the benchmark S&P 500 index during the same period.About the Author: Christian TharpI am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing.More...The post Is Norwegian Cruise Line Setting Up for a Big Move? appeared first on StockNews.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Is Norwegian Cruise Line Setting Up for a Big Move? By: StockNews.com September 14, 2021 at 06:14 AM EDT An ascending triangle has formed in the chart of Norwegian Cruise Line (NCLH). If the stock breaks through its resistance line, a breakout is expected to occur. Read more to learn how to take advantage of this trade.Norwegian Cruise Line (NCLH) is the world's third- largest cruise company by berths, operating 28 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company is growing capacity faster than its peers, expanding its brand globally.The company has been benefiting from strong demand and growth in booking volume. Its overall cumulative bookings for 2022 are ahead of 2019 levels. However, the impact of the COVID-19 pandemic on its business results is uncertain as the Delta variant remains a concern.NCLH’s balance sheet looks good with $2.8 billion in cash as of the most recent quarter compared with only $361 million in short-term debt. While sales are down 99.5% year over the past year, they are expected to rise 3,232% year over year in the current quarter.The stock appears overvalued based on its forward P/E of 35.09. From June to August NCLH’s stock was trending down. Performance has been mixed since as shown in the chart below.Take a look at the 1-year chart of NCLH below with my added notations: Chart of NCLH provided by TradingViewNCLH has formed resistance around the $26 (red) area over the past month or two. In addition, the stock has also started an up-trending support line (green). These two lines have NCLH stuck within a common pattern known as an ascending triangle.Click Here to Read the Greatest Trading Book Ever WrittenA long trade could be made on a break through the triangle resistance level with a protective stop place under the entry point.Want to Discover More Great Trades?What is better than finding the 1 attractive stock in this article?Discovering 5 timely trades...like the ones in this new special report. Click below to claim your free copy now!5 Stocks Ready to BREAKOUT!NCLH shares were trading at $25.24 per share on Tuesday morning, down $0.06 (-0.24%). Year-to-date, NCLH has declined -0.75%, versus a 20.14% rise in the benchmark S&P 500 index during the same period.About the Author: Christian TharpI am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group and Yolo Publishing.More...The post Is Norwegian Cruise Line Setting Up for a Big Move? appeared first on StockNews.com