JimVanMeerten (46.39)

Casey makes profits at the pump

June 28, 2011 – Comments (0) | RELATED TICKERS: CASY

Complete article and charts

I was screening high growth stocks on Barchart to see which were having recent momentum and Casey General Stores (CASY) was near the top of the list.  The stock made 11 new highs and is up 13.79% in the last month.   The stock has two things going; high gas prices and take over rumors.  The recent momentum has been consistent.

96% Barchart technical buy signal

Trend Spotter buy signal

Above its 20, 50 and 100 day moving averages

11 new highs and up 13.79% in the last month

Relative Strength Index is 73.90% and rising

Trades around 45.11 with a 50 day moving average of 40.15

Summary: Casey General Stores (CASY) is making money on its own but some of the price momentum is due to take over rumors.  If you think there is money in selling gas, beer, tobacco and impulse snacks this is the stock for you.

Jim Van Meerten is a Marketocracy Master