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Charles River La Falls 1.39% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Charles River La (NYSE:CRL) traded in a range yesterday that spanned from a low of $133.79 to a high of $137.20. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $135.84 on volume of 114,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $135.68, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Charles River La and will alert subscribers who have CRL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders charles river la

Ticker(s): CRL