Cabela's Inc ($CAB) - Overbought - views

Cabela's Inc has hit a technical signal on 3 different technical indicators. CAB is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $33.42.

There are currently 11 analysts covering the company. Of these analysts, 7 have a buy recommendation. The current consensus estimate for quarterly earnings among the 11 analysts covering the stock is $1.00 per share. Last quarter the company earned $0.44 per share. The consensus estimate for this years earnings is $2.06 per share as compared to the next years' expectation, of $2.31 per share. The consensus estimate for next years earnings is $2.31 per share, which represents forecast growth of 12.1%.

Over the last 52 weeks, the stock has been trading between $19.12 and $33.86. More recently in the last 4 weeks, the stock has been trading between $24.43 and $33.86. Yesterday the stock traded between $31.62 and $33.86. The stock currently has a PE ratio of 11.4.

Cabela's Inc is trading 20.2% from its 20-day simple moving average (SMA) of $27.81 and 28.0% from its 50-day SMA and 35.88% from its 200-day SMA. Average daily volume over the last 30 days has been 614,884 shares.

At yesterdays close: the RSI was at 82.8, the CCI was at 282.6 and the Fast Stochastic was at 94.5. CAB closed yesterday at $33.42, on volume of 2,028,400 shares as compared to an average volume of 614,884 over the last 4 weeks.

Cabela's Incorporated, together with its subsidiaries, operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company's product portfolio includes merchandise and equipment for hunting, fishing, marine use, and camping, as well as casual and outdoor apparel and footwear, optics, vehicle accessories, and gifts and home furnishings. As of June 06, 2011, it operated 33 stores in the United States and Canada. The company, through its subsidiary, World's Foremost Bank, issues and manages the Cabela's CLUB Visa card and related customer loyalty rewards program, and certificates of deposits, as well as provides underwriting services. It offers its products through various channels, including retail stores, inbound telemarketing, catalogs, and the Internet. The company was founded in 1961 and is headquartered in Sidney, Nebraska.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.