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Look for Shares of Caretrust Rei to Potentially Pullback after Yesterday's 2.80% Rise

By David Diaz

Caretrust Rei (NASDAQ:CTRE) traded in a range yesterday that spanned from a low of $21.05 to a high of $21.40. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $21.17 on volume of 274,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $17.71 and are now trading 20% above that low price at $21.29 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

Keywords: rebounders caretrust rei

Ticker(s): CTRE