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SmarTrend Watching for Potential Rebound in Shares of Cara Therapeutic After 3.27% Loss

By Nick Russo

Cara Therapeutic (NASDAQ:CARA) traded in a range yesterday that spanned from a low of $16.46 to a high of $17.25. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $17.04 on volume of 175,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Cara Therapeutic on October 9th, 2018 by issuing a Downtrend alert when the shares were trading at $20.11. Since that call, shares of Cara Therapeutic have fallen 15.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Cara Therapeutic have traded between a low of $11.46 and a high of $24.30 and are now at $16.54, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.7%.

Keywords: rebounders cara therapeutic

Ticker(s): CARA