The stock’s bullish 50-day moving average has been providing strong trend support for the last two weeks as shares were leaking to lower prices at $225. Today’s response to the earnings report fortifies the stock’s short- and long-term trend as even more bullish.

Royal Caribbean’s quarterly profit topped expectations again, and the outlook for the current quarter is above forecasts.

Key Takeaways Shares in Royal Caribbean hit another record high Wednesday after soaring yesterday following a better-than-expected earnings report and outlook from the cruise line operator.The stock broke out of a falling wedge earlier this month,