z20 Stock CASY – Casey’s General Stores, Inc. was up +8.40% today (09/09/09) on triple its 3 month average daily trading volume.
CASY shares opened at $30.18, fell to a low of $29.29 and then rose to a high of $30.72, finishing the day at $30.56, up $2.37 from yesterdays $28.19 close.
Off-hand, I’d say a $0.50 daytrade profit would have possible today, for a +1.6% gain ($160 gain on $10,000 of stock). The tip-off that this was a stock to buy was of course the gap higher at the open. The prudent entry would be to buy say 40% at the open and then another 60% on a pullback or just hold out for a pullback and get a full position.
