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Casey's General Stores Crosses Above its 10-day MA (CASY)

By David Diaz

Today, shares of Casey's General Stores (NASDAQ:CASY) have advanced above their 10-day MA of $117.76 on a volume of 178K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Casey's General Stores share prices have been bracketed by a low of $81.10 and a high of $136.22 and are now at $118.34, 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Casey's General Stores on September 7th, 2016 by issuing a Downtrend alert when the shares were trading at $119.06. Since that call, shares of Casey's General Stores have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses casey's general stores

Ticker(s): CASY