Learn to Evaluate (CASY) using the Charts

September 27, 2024, 08:32 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CASY

• Buy CASY near 358.79 target 382.01 stop loss @ 357.75 Details

The technical summary data tells us to buy CASY near 358.79 with an upside target of 382.01. This data also tells us to set a stop loss @ 357.75 to protect against excessive loss in case the stock begins to move against the trade. 358.79 is the first level of support below 373.76 , and by rule, any test of support is a buy signal. In this case, support 358.79 would be being tested, so a buy signal would exist.

• Short CASY slightly under 382.01, target 358.79, stop loss @ 383.11 Details

The technical summary data is suggesting a short of CASY as it gets near 382.01 with a downside target of 358.79. We should have a stop loss in place at 383.11though. 382.01 is the first level of resistance above 373.76, and by rule, any test of resistance is a short signal. In this case, if resistance 382.01 is being tested, so a short signal would exist.

Swing Trading Plans for CASY

• Buy CASY slightly over 375.2, target 382.01, Stop Loss @ 374.12 Details

If 375.2 begins to break higher, the technical summary data tells us to buy CASY just slightly over 375.2, with an upside target of 382.01. The data also tells us to set a stop loss @ 374.12 in case the stock turns against the trade. 375.2 is the first level of resistance above 373.76, and by rule, any break above resistance is a buy signal. In this case, 375.2, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CASY slightly near 375.2, target 363.9, Stop Loss @ 376.28. Details

The technical summary data is suggesting a short of CASY if it tests 375.2 with a downside target of 363.9. We should have a stop loss in place at 376.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 375.2, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CASY

• Buy CASY slightly over 375.2, target 377, Stop Loss @ 374.32 Details

If 375.2 begins to break higher, the technical summary data tells us to buy CASY just slightly over 375.2, with an upside target of 377. The data also tells us to set a stop loss @ 374.32 in case the stock turns against the trade. 375.2 is the first level of resistance above 373.76, and by rule, any break above resistance is a buy signal. In this case, 375.2, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CASY slightly near 375.2, target 369.66, Stop Loss @ 376.08. Details

The technical summary data is suggesting a short of CASY if it tests 375.2 with a downside target of 369.66. We should have a stop loss in place at 376.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 375.2, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Caseys General Stores Inc. (CASY) available here: CASY.

CASY Ratings for September 27:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	358.79
P2	369.66	363.9	382.01
P3	377	375.2	406.84

AI Generated Signals for CASY

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Caseys General Stores Inc. (NASDAQ: CASY) report below can help you understand how to do this. The trading plans for CASY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.