Carnival Corporation & plc (NYSE:CCL) shares are trading a little lower on Tuesday after surging more than 8% on Monday. Some analysts attribute the move to comments from Royal Caribbean Cruises Ltd. (NYSE:RCL) about industry strength, but the rally may already be over. This is why Carnival is the Stock of the Day.One of the interesting and important dynamics of financial markets is how some price levels carry more weight than others. Sometimes the reason why may be obvious.For example, people like to place buy and sell orders at round price levels, like $20 or $100. This gives these levels psychological importance.But sometimes the reason is not initially clear.In August, Carnival ran into resistance around …Full story available on Benzinga.com
Source: NewsData