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Carter's Bearish Moving Average Crossover Alert (CRI)

By Nick Russo

Carter's (NYSE:CRI) crossed under its 10-day moving average of $109.37 on a volume of 1.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Carter's share prices have been bracketed by a low of $82.22 and a high of $112.58 and are now at $102.00, 24% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 1.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Carter's on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.32. Since that recommendation, shares of Carter's have risen 5.8%. We continue to monitor CRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses carter's

Ticker(s): CRI