Carnival Corp Stock drops 13% after Costa Concordia Cruise ship crash ( Chart of CCL attached)

Carnival Corp Stock drops 13% after Costa Concordia Cruise ship crash ( Chart of CCL attached)

 

The Cruise ship crash is definitely a tragedy and reminds us of a small version of the Gulf Oil spill when a company or individual is responsible for deaths and damage. Although on a smaller scale here you can see how it affected Carnival stock today ( down 13%).

These type of cases drag out for years but was glad to see that the Captain is being held accountable so far. We will get more details as it progresses and hopefully they find more survivors

Chart if you plan to trade it from here : some suggestions below with key levels:

Double click on the chart to see it in larger format:

 

 

 

 

 

 

 

 

Hope you find this helpful,

 

Stockguy22

 

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Posted in Breaking News, Charting & Analysis