This cruise stock may be a 'short-term opportunity' despite 80% drop, trader says $NCLH $CCL $RCL (via TradingNation)
in mid-April that "bookings for 2021 are strong" despite a "devastating" 2020.
"Even if they do have somewhat of a capital raise, eventually, they're most likely going to head towards bankruptcy and their stock price could head down to 5, even to 0," she warned."If you look at the chart of Norwegian, the stock got hit quite hard when that news came out at the very beginning of April," Matt Maley, chief market strategist at Miller Tabak, said in the same interview.
Maley added that in both Norwegian and Carnival's stock charts, their "moving average convergence divergence" indicators, which track momentum, are "rolling back over."
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