Charles River Laboratories International Inc (CRL): Price Now Near $280.75; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for CRL

At the time of this writing, CRL’s price is down $-7.75 (-2.69%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as CRL has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

CRL’s Technical Outlook on the Daily Chart

At the moment, CRL’s price is down $-8.8 (-3.04%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as CRL has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows CRL’s price action over the past 90 days.

CRL

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