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Cabela's Trading Lower on 1.3x Above-Average Volume (CAB)

Published on Thu, 04/18/2013 - 13:15
By Peter Chu

Cabela's shares are trading on heavy volume today, having fallen 4.9% to $54.06. Approximately 792,000 shares have changed hands today vs. average 30-day volume of 589,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

In the past 52 weeks, shares of Cabela's have traded between a low of $33.10 and a high of $62.22 and are now at $54.06, which is 63% above that low price. The 200-day and 50-day moving averages have moved 0.67% higher and 0.81% higher over the past week, respectively.

Potential upside of 7.1% exists for Cabela's, based on a current level of $54.06 and analysts' average consensus price target of $57.90. The stock should hit resistance at its 50-day moving average (MA) of $55.70, as well as support at its 200-day MA of $49.34.

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.

By Peter Chu