Royal Caribbean Cruises Ltd.’s RCL share price has surged by 12.00%, which has investors questioning if this is right time to sell.

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.

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,