Shares of Carter's Has Risen Above Previous 52-Week High
Shares of Carter's (NYSE:CRI) traded today at $111.61, breaking its 52-week high. So far today approximately 73,000 shares have been exchanged, as compared to an average 30-day volume of 661,000 shares.
Over the past year, Carter's has traded in a range of $82.22 to $111.61 and is now at $111.52, 36% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.
Carter's (NYSE:CRI) defies analysts with a current price ($111.52) 5.2% above its average consensus price target of $105.71. Carter's shares have support at the 50-day moving average (MA) of $103.22 and additional support at the 200-day MA of $95.41.
Carter's, Inc. markets baby and young children's apparel in the United States. The Company's products are offered in department stores and Carter's retail stores. Carter's sells products under the Tykes brand in Target stores and under its Child of Mine brand in Wal-Mart stores.
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 5.3%. We continue to monitor CRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows carter's