Carnival Corporation comes back upon contact with a decisive technical area that might drift a rebound.

The Miami based company, mostly engaged in luxury cruises ship showed a significant increase in sales made on the Oceania and Asian regions. A positive upturn is expected in margins for the current and coming fiscal periods and the company continues to deliver considerable yields, 2.74% for 2014 and 2.92% for 2015. Moreover, EPS revisions stay well oriented.

From a technical viewpoint, the trend is neutral in the short term. The security's trading range is currently between USD 36.2 and USD 41.6. The latest downtrend pushed the equity to test the USD 36.2 support, level that may lead a bullish reversal with the support of the 100-week moving average. Moreover, the stock got oversold and other technical data also validate the possibility of an upswing.

Long positions may be opened close to USD 36.2. The target price being the USD 38.4 resistance, a stop-loss should be considered at USD 35.4.