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Watch for Continued Gains in Shares of CA Inc (CA)

By James Quinn

Shares of CA Inc (NASDAQ:CA) traded today at $32.89, breaking its 52-week high. So far today approximately 206,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 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) defies analysts with a current price ($32.89) 10.5% above its average consensus price target of $29.45. The stock should find initial support at its 50-day moving average (MA) of $30.23 and further support at its 200-day MA of $28.55.

In the past 52 weeks, CA Inc share prices have been bracketed by a low of $25.16 and a high of $32.89 and are now at $32.89, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-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 4.0%. 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