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Watch for Charles River La to Potentially Rebound After Falling 1.47% Yesterday

By James Quinn

Charles River La (NYSE:CRL) traded in a range yesterday that spanned from a low of $140.35 to a high of $142.12. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $140.47 on volume of 83,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Charles River La on June 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $133.11. Since that recommendation, shares of Charles River La have risen 7.0%. We continue to monitor CRL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Charles River La have traded between a low of $103.00 and a high of $149.07 and are now at $140.54, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Keywords: rebounders charles river la

Ticker(s): CRL