This Casey does NOT strike out - Long at 448.47Step 1: Zoom out on the chart for CASY. Please. Feel free to scroll back all the way to 1984. I'll wait...
That view alone tells you all you need to know. This is one of the prettiest charts you'll find anywhere on Wall Street. Not flashy, just relentlessly and consistently profitable. If I make money on this trade, the credit goes to the stock, not me.
And that's really not an "if", fundamentally. 1183-0 all time (real and backtested trades). Average gain of 1.7% in 15 trading days. That's almost 3x the average daily return of the market's long term return. The last 8 times it has thrown off this signal, it has paid off in 1 day each time. That's obviously not a promise, especially in this market environment, but there are few potential trades that would let me sleep easier while I wait for it to pay off as this one will.
As a plus, there is support at the April low and that particular blue trendline on the chart goes back 2 years.
I don't know if I'll sell this one as soon as it becomes profitable, but I may, depending on how the market is acting. I'll update when I do. I'm not really a buy and holder, but if I was, it would be a core holding for me.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
