Trend Tracker for (CASY)

June 28, 2024, 16:02 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CASY

• Buy CASY slightly over 361.42 target n/a stop loss @ 360.38. Details

The technical summary data tells us to buy CASY near 361.42, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 360.38 to protect against excessive loss in case the stock begins to move against the trade. 361.42 is the first level of support below 381.56, and by rule, any test of support is a buy signal. In this case, if support 361.42 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for CASY

• Buy CASY slightly over 397.67, target n/a, Stop Loss @ 396.52 Details

If 397.67 begins to break higher, the technical summary data tells us to buy CASY just slightly over 397.67, with an upside target of n/a. The data also tells us to set a stop loss @ 396.52 in case the stock turns against the trade. 397.67 is the first level of resistance above 381.56, and by rule, any break above resistance is a buy signal. In this case, 397.67, 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 397.67, target 372.91, Stop Loss @ 398.82. Details

The technical summary data is suggesting a short of CASY if it tests 397.67 with a downside target of 372.91. We should have a stop loss in place at 398.82 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, 397.67, 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 387.2, target 397.67, Stop Loss @ 386.3 Details

If 387.2 begins to break higher, the technical summary data tells us to buy CASY just slightly over 387.2, with an upside target of 397.67. The data also tells us to set a stop loss @ 386.3 in case the stock turns against the trade. 387.2 is the first level of resistance above 381.56, and by rule, any break above resistance is a buy signal. In this case, 387.2, 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 387.2, target 380.15, Stop Loss @ 388.1. Details

The technical summary data is suggesting a short of CASY if it tests 387.2 with a downside target of 380.15. We should have a stop loss in place at 388.1 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, 387.2, 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 June 28:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	317.27
P2	380.15	372.91	338.52
P3	387.2	397.67	361.42

AI Generated Signals for CASY

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The data for Caseys General Stores Inc. (NASDAQ: CASY) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CASY change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CASY is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CASY too.  All of these are offered below the Summary Table.