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Shares of Cabela's Have Risen Above Previous 52-Week High

Published on Thu, 04/25/2013 - 14:15
By Adrienne Chilton

Shares of Cabela's (NYSE:CAB) traded today at $66.24, breaking its 52-week high. This new high was reached on above average trading volume as 2.2 million shares traded hands, while the average 30-day volume is approximately 623,000 shares.

Cabela's (NYSE:CAB) is currently priced 11.1% above its average consensus analyst price target of $57.90. The stock should discover initial support at its 50-day moving average (MA) of $56.19 and subsequent support at its 200-day MA of $49.77.

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 $33.10 and a high of $66.24 and are now at $65.11, 97% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

By Adrienne Chilton