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Caleres (CAL) Shows Strength: Stock Moves 17.1% Higher

Caleres, Inc. CAL was a big mover last session, as its shares rose over 17% on the day. The footwear retailer’s stock price rallied on the strong revenue outlook provided by the company for 2016. Yesterday’s rally breaks the trend for the company since Apr 29, as the stock is now trading above the volatile price range of $21.47 to $25.22.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.

Caleres currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the Retail-Apparel/Shoe space is Adidas AG ADDYY, sporting a Zacks Rank #1(Strong Buy).

Is CAL going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ADIDAS AG-ADR (ADDYY): Free Stock Analysis Report
 
CALERES INC (CAL): Free Stock Analysis Report
 
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