Royal Caribbean forecast its annual profit largely above analysts' expectations on Tuesday, betting on higher cruise bookings to private destinations as well as premium voyages to the Mediterranean and the Alaskan region.

Royal Caribbean’s quarterly profit topped expectations again, and the outlook for the current quarter is above forecasts.

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.