• Return to Headlines

After Yesterday's Decline of 1.45%, Carter'S Inc Offers Investors Better Value

By David Diaz

Carter'S Inc (NYSE:CRI) traded in a range yesterday that spanned from a low of $93.02 to a high of $95.70. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $95.34 on volume of 541,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Carter'S Inc on July 26th, 2018 by issuing a Downtrend alert when the shares were trading at $110.26. Since that call, shares of Carter'S Inc have fallen 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Carter'S Inc has traded in a range of $89.84 to $129.00 and is now at $94.25, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.2%.

Keywords: rebounders carter's inc

Ticker(s): CRI