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,

Shares of Royal Caribbean Group (NYSE: RCL) hit an all-time high today after the cruise ship operator reported solid earnings and strong guidance, as well as made a major new announcement. Royal Caribbean CEO Jason Liberty said the company has been seeing a significant increase in demand for its various brands,

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.