RHedge

Carnival: Expecting Downward Pressure on Shares Issue

NYSE:CCL   Carnival Corporation
Carnival is moving siways in a stretched rectangle and volatility (Bollinger Bands Width). Stock could break the pattern down as company said it may sell as much as $500 million of shares. But the shares issue take just 1.7% of a company market cap and fresh capital could be positive, so the breakout could be in both direction.
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