TMCNet:  Watch for CA Inc to Potentially Pullback After Gaining 1.99% Yesterday

[January 16, 2013]

Watch for CA Inc to Potentially Pullback After Gaining 1.99% Yesterday

Jan 16, 2013 (SmarTrend(R) News Watch via COMTEX) -- CA Inc (NASDAQ:CA) traded in a range yesterday that spanned from a low of $23.45 to a high of $24.12. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $23.66 on volume of 7.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


In the past 52 weeks, CA Inc share prices have been bracketed by a low of $21.31 and a high of $28.00 and are now at $24.09, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in CA Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CA Inc in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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