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Cato Corp-A Crosses Below its 10-day MA (CATO)

By James Quinn

Cato Corp-A (NYSE:CATO) shares have crossed bearishly below their 10-day moving average of $24.73 on a volume of 168K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cato Corp-A has traded in a range of $10.76 to $26.25 and is now at $21.85, 103% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.3%.

SmarTrend is tracking the current trend status for Cato Corp-A and will alert subscribers who have CATO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cato corp-a

Ticker(s): CATO