Monday, December 14, 2015

Caseys General Stotes - Chart of the day

Caseys General Stores (CASY) is the Barchart Chart of the Day. The retail convenience store company has a Trend Spotter buy signal, a Weighted Alpha of 54.80+ and gained 50.01% in the last year.

The Chart of the Day belongs to Caseys General Stores (CASY).. I found the retail convenience store stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last month, then again for technical buy signals of 80% or better.  I then use the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 10/21 the stock gained 18.32%.

Casey's General Stores, Inc. operate convenience stores under the name ``Casey's General Store`` in Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a broad selection of food (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 16.26% in the last month
  • Relative Strength Index 75.49%
  • Barchart computes a technical support level at 122.33
  • Recently traded at 128.72 with a 50 day moving average of 112.78
Fundamental factors:
  • Market Cap $5.02 billion
  • P/E 22.44
  • Dividend yield .70%
  • Revenue expected to be down 3.90% this year but up again 1120% next year
  • Earnings estimated to increase 24.00% his year, up an additional .70% next year and continue to compound at an annual rate of 11.50% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 3 buy and 5 hold recommendations on the stock
The 50- 100 Day MACD Oscillator has been a reliable technical trading strategy for this stock.

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