Leading cruise-line operator, Norwegian Cruise Line (NASDAQ:NCLH) took a hit Friday after reporting earnings. At one point, the stock was down by nearly 3% on the back of weaker guidance. Other leading cruise-line stocks like Royal Caribbean Cruises (NYSE:RCL) and Carnival (LON:CCL) (NYSE:CCL) also declining in sympathy to Norwegian Cruise Line shares.
Support To Watch
Traders should notice the bearish consolidation pattern on NCLH's chart. This pattern signals a decline down to the $48.50 area, which should be solid support for a bounce in the stock when it is tested.