Caseys General Stores (CASY)

[TFMG]

$CASY MAJOR CHANGES AT CASEY'S STORES, BREAKOUT POTENTIAL

There has been a lot of very positive changes at NASDAQ:CASY in the past few weeks, the updated digital store and online ordering system now offers easier ordering, more customisation and faster carryout which is hoped to improve efficiency and boost sales. More recently Casey's have appointed former IHOP CEO Darren Rebelez to the CEO role, he brings 25 years of business leadership experience.
H.LYNN Horak commented
“Darren brings a remarkable combination of leadership experience in the convenience store, fuel and restaurant industries, and he has an impressive track record of driving performance and innovation. We have enjoyed getting to know Darren through our succession planning process and are confident that he will build on Casey’s strong heritage of customer service, employee development, giving back to our communities, and our focus on creating sustainable growth and profitability.”

From a technical perspective the stock is looking like a breakout candidate, currently forming a ascending triangle and holding support above all MA'S, all the indicators are also in tension and signal a substantial move ahead, hopefully that is a break up not down. $upside alert for $137 and breakdown short alert on $128

AVERAGE ANALYSTS PRICE TARGET $139
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT


P/E RATIO 25
COMPANY PROFILE
Casey's General Stores, Inc. engages in the management and operation of convenience stores and gasoline stations. It offers food, beverages, tobacco products, health and beauty aids, automotive products, and other nonfood items. The company was founded by Donald F. Lamberti in 1959 and is headquartered in Ankeny, IA.