Norwegian Cruise Line (NCLH) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
After several difficult years both during and after the Covid-19 pandemic, the cruise line industry is finally bouncing back. Cruise operators are reporting record bookings for 2024 as travel demand comes back to pre-pandemic levels. According to the Cruise Lines International Association (CLIA), a record 35.7 million people are expected to cruise this year, up from 31.5 million in 2023, and 6% more than the number of passengers that sailed in 2019 before the industry was crippled by the pandemi
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