CARA Stock Cara Therapeutics (CARA, $0.75) entered Downtrend as Momentum indicator drops below 0 level on May 17, 2024

A.I.dvisor
at Tickeron.com
05/18/24
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CARA - Cara Therapeutics
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $0.7501
Daily change: -$0.0551 (-6.84%)
Daily volume: 253.1K
Capitalization: $41M
Industry: Biotechnology
This indicator may be signaling that CARA's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 89 similar cases where CARA's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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General Information

a developer of pharmaceutical products

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
400 Atlantic Street
Phone
+1 203 406-3700
Employees
55
Web
https://www.caratherapeutics.com