CA Inc: The Winning Streak Continues (CA)
Shares of CA Inc (NASDAQ:CA) traded at a new 52-week high today of $27.67. This new high was reached on below average trading volume as 598,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.
CA Inc (NASDAQ:CA) is currently priced 9.6% above its average consensus analyst price target of $25.00. The stock should discover initial support at its 50-day moving average (MA) of $25.04 and subsequent support at its 200-day MA of $24.54.
In the past 52 weeks, CA Inc share prices have been bracketed by a low of $21.48 and a high of $27.67 and are now at $27.66, 29% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
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.
SmarTrend recommended that subscribers consider buying shares of CA Inc on January 14th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.48. Since that recommendation, shares of CA Inc have risen 16.0%. 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