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Shares of CATO Down 38.2% Since Downtrend Call on Shares

Jan 11, 2019

Jan 11, 2019 (SmarTrend(R) Spotlight via COMTEX News Network) -- SmarTrend identified a Downtrend for Cato Corp-A (NYSE:CATO) on July 12th, 2018 at $22.44. In approximately 6 months, Cato Corp-A has returned 38.24% as of today's recent price of $13.86.

Cato Corp-A share prices have moved between a 52-week high of $26.88 and a 52-week low of $10.76 and are now trading 29% above that low price at $13.86 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% 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.

Write to SmarTrend at cs@mysmartrend.com

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Copyright, Comtex News Network, Inc. 2019

SOURCE: Comtex

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