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Norwegian Cruise Line Shows Improved Relative Strength

In a welcome move, Norwegian Cruise Line (NCLH) saw its Relative Strength Rating rise from 69 to 73 on Tuesday. With the worldwide rollout of vaccines, the cruise line industry may see a rebound in the coming months as leisure travel resumes.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the last 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their largest runs. See if Norwegian Cruise Line can continue to show renewed price strength and clear that threshold.


Looking For The Best Stocks To Buy And Watch? Start Here


Norwegian Cruise Line broke out earlier, but has fallen back below the prior 27.07 entry from a double bottom. If a stock you’re tracking climbs above a buy point then falls 7% or more below the original entry price, it’s considered a failed base. It’s best to wait for the stock to form a new pattern and breakout. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.

Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Norwegian Cruise Line posted -205% earnings growth last quarter, while sales growth came in at -100%.

The company holds the No. 24 rank among its peers in the Leisure-Services industry group. RCI Hospitality (RICK) and Marriott Vacations World (VAC) are also among the group’s highest-rated stocks.

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