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CA Inc: The Winning Streak Continues (CA)

By James Quinn

CA Inc (NASDAQ:CA) traded today at a new 52-week high of $33.93. Approximately 202,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.

CA Inc (NASDAQ:CA) is currently priced 13.2% above its average consensus analyst price target of $29.45. CA Inc shares have support at the 50-day moving average (MA) of $30.23 and additional support at the 200-day MA of $28.55.

CA, Inc. designs, develops, markets, licenses, and supports standardized computer software products. The Company's products are used with mainframe computers and in client/server environments. CA offers various enterprise systems management, information management, and business applications solutions to a variety of organizations.

CA Inc share prices have moved between a 52-week high of $33.93 and a 52-week low of $25.16 and are now trading 35% above that low price at $33.91 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of CA Inc on May 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.46. Since that recommendation, shares of CA Inc have risen 7.4%. We continue to monitor CA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ca inc

Ticker(s): CA