Carnival's buy signal runs strong in week 3 amid a double bottom and elevated volatility

Carnival is in week 3 of a buy signal, with the confirmation week closing higher. Signal strength is high, at 70 out of 100, on a wide and volatile move: on the daily chart, a double bottom is in place in the 25 area with an intermediate rebound of 14%. The stock ranks 40th among the 125 US stock buys currently open, listed on the New York Stock Exchange.