• Return to Headlines

Look for Shares of Cara Therapeutic to Potentially Rebound after Yesterday's 27.55% Sell Off

By Nick Russo

Cara Therapeutic (NASDAQ:CARA) traded in a range yesterday that spanned from a low of $17.58 to a high of $20.69. Yesterday, the shares fell 27.6%, which took the trading range below the 3-day low of $24.55 on volume of 2.6 million 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 Cara Therapeutic and will alert subscribers who have CARA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Cara Therapeutic share prices have been bracketed by a low of $12.19 and a high of $27.55 and are now at $18.75, 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.5%.

Keywords: rebounders cara therapeutic

Ticker(s): CARA