Easy 50% return? Not sure how much longer the cruise industry will get pummeled. NYSE:CCL has seen high volume ever since the start of the Coronavirus pandemic; something may be building.
The stock is seeing and has recently seen its worst days ever.
The risk/reward on this is intriguing. If I bought the stock today I would buy it accepting the fact that I may take a 15% loss as I'd sell if it went below 8.50 USD per share. The sell target is right around or right before 15$ a share, and that is strictly the near term target. Near term for me means less than one year. It's very likely that if 15$ per share is reached it will continue upward, so a smart investor may only sell some of the stock that was bought in the 9 dollar range.
This is not financial advice. DYOR.
-Jack