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Charles River La Falls 1.59% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Charles River La (NYSE:CRL) traded in a range yesterday that spanned from a low of $129.67 to a high of $130.93. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $130.85 on volume of 81,000 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 Charles River La and will alert subscribers who have CRL in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Charles River La has traded in a range of $102.96 to $149.07 and is now at $130.25, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

Keywords: rebounders charles river la

Ticker(s): CRL