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Caretrust Rei Falls 13.87% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Caretrust Rei (NASDAQ:CTRE) traded in a range yesterday that spanned from a low of $18.98 to a high of $20.57. Yesterday, the shares fell 13.9%, which took the trading range below the 3-day low of $21.50 on volume of 818,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Caretrust Rei and will alert subscribers who have CTRE in their portfolio or watchlist when shares have changed trend direction.

Caretrust Rei share prices have moved between a 52-week high of $25.52 and a 52-week low of $17.64 and are now trading 15% above that low price at $20.30 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.42% lower over the past week, respectively.

Keywords: rebounders caretrust rei

Ticker(s): CTRE