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Look for Shares of Caleres Inc to Potentially Rebound after Yesterday's 12.21% Sell Off

By Nick Russo

Caleres Inc (NYSE:CAL) traded in a range yesterday that spanned from a low of $15.50 to a high of $16.63. Yesterday, the shares fell 12.2%, which took the trading range below the 3-day low of $17.50 on volume of 163,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Caleres Inc and will alert subscribers who have CAL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Caleres Inc share prices have been bracketed by a low of $14.30 and a high of $32.28 and are now at $15.75, 10% above that low price. The 200-day and 50-day moving averages have moved 0.9% lower and 1.5% lower over the past week, respectively.

Keywords: rebounders caleres inc

Ticker(s): CAL