• Return to Headlines

Recent 52-Week Low Surpassed in Shares of Cato (CATO)

By Shiri Gupta

Shares of Cato (NYSE:CATO) traded at a new 52-week low today of $21.64. So far today approximately 78,000 shares have been exchanged, as compared to an average 30-day volume of 106,000 shares.

Cato (NYSE:CATO) has potential upside of 24.8% based on a current price of $21.64 and analysts' consensus price target of $27.00. The stock should find initial resistance at its 200-day moving average (MA) of $36.82 and further resistance at its 50-day MA of $37.17.

The Cato Corporation operates women's fashion specialty stores. The apparel specialty stores operate under the names Cato, Cato Fashions, Cato Plus.

Cato share prices have moved between a 52-week high of $41.52 and the current low of $21.64 and are currently at $21.64 per share. The 200-day and 50-day moving averages have moved 0.13% lower and 0.19% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cato on November 28th, 2016 by issuing a Downtrend alert when the shares were trading at $30.89. Since that call, shares of Cato have fallen 25.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows

Ticker(s): CATO