Norwegian Cruise Line Holdings (NCLH) looks stronger now that is has broken above its December high. Hopefully Thursday's earnings numbers will not send the cruise line to dry dock. Let's see how the charts and indicators are positioned.
In this daily bar chart of NCLH, below, we can see a pretty volatile downtrend the past twelve months. Prices have seen a few straight up and straight down moves. In late December prices fell to a new low but just a few weeks later prices have retraced its December losses and pushed still higher. NCLH is above the now rising 50-day moving average line and the bottoming 200-day line. Volume has been heavier since late October and the daily On-Balance-Volume (OBV) line has recently moved up to a new high breaking above the peaks of September and November. The trend-following Moving Average Convergence Divergence (MACD) oscillator is above the zero line in a bullish configuration.
In this weekly bar chart of NCLH, below, we do not have a lot of price history to work with. Prices are above the flat 40-week moving average line. The weekly OBV line is very strong and the MACD oscillator gave a cover shorts buy signal last month and is closing in on crossing the zero line for an outright buy signal.
In this Point and Figure chart of NCLH, below, we can see an upside price target of $61.00.
Bottom line strategy: NCLH has rallied a lot ahead of Thursday's earnings so I hope we do not see a buy the rumor and sell the news trade. Earnings aside, it looks like NCLH can trade higher in the weeks ahead.