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SmarTrend Watching for Potential Pullback in Shares of Carter'S Inc After 1.86% Gain

By Amy Schwartz

Carter'S Inc (NYSE:CRI) traded in a range yesterday that spanned from a low of $107.86 to a high of $110.50. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $107.99 on volume of 313,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Carter'S Inc has traded in a range of $77.94 to $129.00 and is now at $109.61, 41% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Carter'S Inc on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $116.51. Since that call, shares of Carter'S Inc have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders carter's inc

Ticker(s): CRI