Royal Caribbean Cruises (RCL) NewsBite - CCL Earnings Boost RCL

Royal Caribbean Cruises (NYSE: RCL) opened at $24.50. So far today, the stock has hit a low of $24.37 and a high of $24.95. RCL is now trading at $24.53, up $1.29 (5.55%). Over the last 52 weeks the stock has ranged from a low of $5.40 to a high of $26.49. RCL shares are trading higher this morning after competitor Carnival Corp. (CCL) reported a third-quarter profit of $1.33 per share, topping analysts' projections of $1.18 per share. This could be a good sign for RCL. Technical indicators for the stock are bullish and S&P gives RCL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on RCL the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 21 range.

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Related terms: caribbean, earnings, nyse, profit, S&P