• Return to Headlines

Casey'S General Falls 2.41% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Casey'S General (NASDAQ:CASY) traded in a range yesterday that spanned from a low of $122.02 to a high of $126.53. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $122.33 on volume of 225,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Casey'S General on June 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.38. Since that recommendation, shares of Casey'S General have risen 18.6%. We continue to monitor CASY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Casey'S General share prices have moved between a 52-week high of $130.74 and a 52-week low of $90.42 and are now trading 36% above that low price at $122.73 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

Keywords: rebounders casey's general

Ticker(s): CASY