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Shares of CATO Down 56.5% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Cato Corp-A (NYSE:CATO) on November 28th, 2016 at $30.89. In approximately 9 months, Cato Corp-A has returned 56.47% as of today's recent price of $13.45.

In the past 52 weeks, shares of Cato Corp-A have traded between a low of $12.20 and a high of $38.39 and are now at $13.45, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

The Cato Corporation and its subsidiaries operate and manage fashion stores. The Company offers merchandises, including dressy, career, and casual sportswear, as well as dresses, coats, shoes, lingerie, costume jewelry, handbags, men's wear, and lines for kids and newborns. Cato operates throughout 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 Cato Corp-A.

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

Keywords: spotlights cato corp-a

Ticker(s): CATO