| MARKET CONDITIONS Carter’s, Inc. (CRI) is a $4.34 billion consumer discretionary company that designs, sources, and markets branded childrens wear. CRI has risen throughout most of 2013, but recently has struggled. This period of weakness has allowed CRI to revert back close to the price support established in early September. Given the MACD and RSI readings, it appears that CRI is positioned well for a low risk, high reward entry. |
Advice: Consider entry at $72.80 and $71.75 with a closing stop beneath $71.00. Our target would be the recent high, which is slightly above $77.00.
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