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Downgrade Alert for Cabela's (CAB)

By Nick Russo

Cabela's (NYSE:CAB) was downgraded from Buy to Hold at Feltl today. The stock closed yesterday at $63.18 on volume of 19.9 million shares, above average daily volume of 556,000.

Cabela's (NYSE:CAB) defies analysts with a current price ($63.18) 34.3% above its average consensus price target of $41.50. Cabela's shares have support at the 50-day moving average (MA) of $49.17 and additional support at the 200-day MA of $45.49.

Cabela's Incorporated retails hunting, fishing, camping, and outdoor sports products and apparel. The Company markets its products through its retail stores, website, and catalog. Cabela's retail stores also offer in-house clinics associated with hunting, fishing, and camping.

In the past 52 weeks, Cabela's share prices have been bracketed by a low of $33.03 and a high of $55.07 and closed yesterday at $63.18, 91% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Cabela's. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cabela's in search of a potential trend change.

Keywords: analyst upgrades/downgrades cabela's

Ticker(s): CAB