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Carter's - Chart of the Day

Topic: Stock Price Movements — Technical Analysis
Apr. 29 2015, 6:25 PM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

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Carter's - New All Time High --

The Chart of the Day is Carter's (CRI), I found the stock by sorting the All Time High list for the stocks with the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/26 the stock gained 6.48%.

Carter's, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter's and OshKosh B'gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company's Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target.



Carter's, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter's and OshKosh B'gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company's Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target.

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 7.338% in the last month
Relative Strength Index 70.04%
Barchart computes a technical support level at 94.40
Recently traded at 98.49 with a 50 day moving average of 90.90

Fundamental factors:

Market Cap $5.21 billion
P/E 24.02
Dividend yield .93%
Revenue expected to grow 5.50% this year and another 8.50% next year
Earnings estimated to increase 13.70% this year, an additional 16.60% next year and continue to increase annually by 15.80% for the next 5 years
Wall Street analysts issued 4 strong buy, 3 buy and 3 hold recommendations on the stock

None of the normal technical trading strategies have been reliable on this stock so I would suggest using a moving stop loss 10% below it's recent high to protect your gains

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Carter's - Chart of the Day