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Carter's Falling Today on Above-Average Volume (CRI)

By David Diaz

Carter's shares are trading on heavy volume today, having fallen 3.9% to $89.71. Approximately 762,000 shares have changed hands today vs. average 30-day volume of 661,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Carter's on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $99.13. Since that call, shares of Carter's have fallen 5.8%. 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 has traded in a range of $82.22 to $112.58 and is now at $90.38, 10% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: unusual volume carter's

Ticker(s): CRI