Will Carnival turn, or will it continue to rise to November highs of 4697p?

• Shares +20.7% since Christmas, +5.5% in the past week.
• 30 Jan: Cruise operator benefiting from rival Royal Caribbean’s strong results
• Now trading 4334p (at the time of writing).
• Will the positive momentum continue towards November highs around 4700p?
• Shares trading at 2019 highs; +17.1% from 2019 lows; +15% year-to-date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Carnival – An Example

Let’s say the trend appeals to you, you think it’s likely to continue. You decide to buy exposure to £10,000 worth of Carnival using a CFD, at the current price of 4334p. To do this, you need £2,000.

Let’s assume the Carnival trend continues to November highs around 4700p (+8.4%). Your profit would be £840, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Carnival falls 3% and hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.