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Cara Therapeutic Rising Today on Above-Average Volume (CARA)

By Nick Russo

Shares of Cara Therapeutic are trading today in above average volume, with the share price rising 0.5% to $15.44. Today's volume of 1.9 million shares tops the average 30-day volume of 794,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 11.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Cara Therapeutic has traded in a range of $4.35 to $28.50 and is now at $15.55, 258% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 1.4%.

Keywords: unusual volume cara therapeutic

Ticker(s): CARA