Chart Of The Day: Casey's General Stores - Pumping Profits

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The Chart of the Day belongs to the convenience store operator Casey's General Stores (CASY). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/9 the stock gained 9.52%.

CASY Price vs Daily Moving Averages

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards. In addition, its stores offer motor fuel for sale on a self-service basis; and gasoline and diesel fuel, as well as car wash services. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 50.10+ Weighted Alpha
  • 47.15% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100 day moving averages
  • 17 new highs and up 14.05% in the last month
  • Relative Strength Index 80.58%
  • Technical support level at $304.90
  • Recently traded at $313.70 with a 50-day moving average of $284.11

Fundamental Factors:

  • Market Cap 11.39 billion
  • P/E 24.15
  • Dividend yield .54%
  • Wall Street projects Revenue will decrease by 10% this year but grow another 4.80% next year
  • Earnings are estimated to increase 10.30% this year, increase an additional 7.40% next year, and continue to compound at an annual rate of 10.76% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 7 strong buy, 1 buy,  and 6 hold recommendations this month
  • Analysts price targets are $263 to $344 - consensus price target $310
  • The individual investors following the stock on Motley Fool voted 263  to 14 for the stock to beat the market with the most experienced investors voting 55 to 2  for the same result
  • Value Line rates the stock it's above average rating of 2 and has a price target of $338 for an 10% gain
  • CFRAs MarketScope has a buy rating
  • 8,810 investors monitor the stock on Seeking Alpha

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Disclosure: On the date of publication, Jim Van Meerten did not have (either directly or ...

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