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Cato Down 17.7% Since SmarTrend Downtrend Call (CATO)

By Nick Russo

SmarTrend identified a Downtrend for Cato (NYSE:CATO) on July 7th, 2016 at $36.14. In approximately 3 months, Cato has returned 17.72% as of today's recent price of $29.74.

Over the past year, Cato has traded in a range of $28.40 to $41.52 and is now at $29.74, 5% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

The Cato Corporation operates women's fashion specialty stores. The apparel specialty stores operate under the names Cato, Cato Fashions, Cato Plus.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cato.

Log in and add Cato (CATO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights

Ticker(s): CATO