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Watch for Carter'S Inc to Potentially Rebound After Falling 1.71% Yesterday

By David Diaz

Carter'S Inc (NYSE:CRI) traded in a range yesterday that spanned from a low of $107.49 to a high of $110.45. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $109.23 on volume of 362,000 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 Carter'S Inc and will alert subscribers who have CRI in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Carter'S Inc has traded in a range of $83.84 to $129.00 and is now at $108.99, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

Keywords: rebounders carter's inc

Ticker(s): CRI