A look at Cabelas Inc. — Pre-Earnings Run?

by DAN Cabelas Inc. ($CAB) averages are at $67.39 (21 day SMA), $65.43 (50 day SMA), $65.44 (200 day SMA). Over the past 52 weeks CAB has traded from a low of $47.65 to a high of $72.54. CAB was last at $70.81 on a volume of 1,195,990. Average daily volume has been at 749,649.

52 Week Range $47.65-$72.54 Market Cap 5,032,201,918 Average Volume 749,649 Dividend Yield 0.00% Institutional Ownership 87.10% Insider Ownership: 23.30% Percentage of Float Short 13.80% Beta 1.71

Cabela’s (CAB) is in the latter stages of completing a bullish Cup & Handle pattern, with current resistance at $72.00. The stock has been in consolidation for more than 8 months and appears poised to break out of this consolidation. Earnings are due to be released on February 13th. Technically oriented traders may want to focus on the $72 resistance level. Any breakout above that level could lead to even higher prices.

Cabela’s, Inc. is a specialty retailer, and a direct marketer, of hunting, fishing, camping, and related outdoor merchandise.

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