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Casey'S General Set to Possibly Pullback After Yesterday's Rally of 3.14%

By James Quinn

Casey'S General (NASDAQ:CASY) traded in a range yesterday that spanned from a low of $95.27 to a high of $100.59. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $97.65 on volume of 506,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Casey'S General has traded in a range of $90.42 to $128.51 and is now at $100.29, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Casey'S General on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $114.96. Since that call, shares of Casey'S General have fallen 15.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders casey's general

Ticker(s): CASY