• Return to Headlines

Watch for Cara Therapeutic to Potentially Pullback After Gaining 12.35% Yesterday

By David Diaz

Cara Therapeutic (NASDAQ:CARA) traded in a range yesterday that spanned from a low of $20.59 to a high of $21.34. Yesterday, the shares gained 12.4%, which took the trading range above the 3-day high of $20.95 on volume of 175,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $21.19, 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 1.3%.

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.

Keywords: rebounders cara therapeutic

Ticker(s): CARA