Watch for Continued Gains in Shares of CA Inc (CA)
CA Inc (NASDAQ:CA) traded today at a new 52-week high of $30.33. Approximately 811,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.
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 (NASDAQ:CA) is currently priced 13.6% above its average consensus analyst price target of $26.12. The stock should discover initial support at its 50-day moving average (MA) of $28.59 and subsequent support at its 200-day MA of $25.34.
In the past 52 weeks, shares of CA Inc have traded between a low of $21.48 and a high of $30.33 and are now at $30.23, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.64% higher over the past week, respectively.
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 28.3%. 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