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After Yesterday's Rally of 3.59% Shares Could Potentially Pullback

By David Diaz

Cara Therapeutic (NASDAQ:CARA) traded in a range yesterday that spanned from a low of $12.43 to a high of $13.19. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $12.73 on volume of 474,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Cara Therapeutic have traded between a low of $4.35 and a high of $28.50 and are now at $13.01, which is 199% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cara Therapeutic on June 30th, 2017 by issuing a Downtrend alert when the shares were trading at $17.28. Since that call, shares of Cara Therapeutic have fallen 27.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders cara therapeutic

Ticker(s): CARA