Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Carter’s Inc. manufactures apparel for babies and small children. (Thinkstock)
Carter’s Inc. manufactures apparel for babies and small children. (Thinkstock)

What the Charts Say

Bullish on Carter’s Add to ...

On Dec. 3, 2011 ($39.74 U.S.) we suggested that Carter’s Inc. had a breakout from a base that supported higher targets (dashed lines). Subsequently, the stock rallied to $57.27 for a 44-per-cent appreciation at that time (A). Carter’s then settled in a large trading range between $50 and $57 for most of 2012 (dotted lines). The recent rise to $61.22 (B) confirmed the breakout from this range and suggests higher targets. Current levels provide a good entry point (C). Only a sustained decline below about $55 would be negative.

Point & Figure measurements provide targets of $69 and $79.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. (www.phases-cycles.com). Ron Meisels is a contributor to the www.NA-marketletter.com website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

Report Typo/Error

Follow us on Twitter: @Monicarizk1, @RonsBriefs

 
  • Carter's Inc
    $111.29
    +0.36
    (+0.32%)
  • Updated July 25 12:15 PM EDT. Delayed by at least 15 minutes.

More Related to this Story

Topics

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular