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Shares of CARA Down 19.8% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Cara Therapeutic (NASDAQ:CARA) on June 30th, 2017 at $17.28. In approximately 1 month, Cara Therapeutic has returned 19.83% as of today's recent price of $13.85.

Cara Therapeutic share prices have moved between a 52-week high of $28.50 and a 52-week low of $4.35 and are now trading 218% above that low price at $13.85 per share. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 1.8%.

Cara Therapeutics, Inc. develops therapeutics. The Company offers novel drugs for the treatment of human diseases associated with pain and inflammation. Cara Therapeutics serves customers in the United States.

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

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

Keywords: spotlights cara therapeutic

Ticker(s): CARA