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Bullish Moving Average Cross by Carter'S Inc (CRI)

By Amy Schwartz

Carter'S Inc (:CRI) crossed over its 10-day moving average of $93.86 on a volume of 132K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Carter'S Inc share prices have been bracketed by a low of $75.66 and a high of $118.22 and are now at $94.29, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Carter'S Inc on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.51. Since that recommendation, shares of Carter'S Inc have risen 12.1%. We continue to monitor CRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses :cri carter's inc

Ticker(s): CRI