Shares of Cabela's (NYSE:CAB) traded at a new 52-week high today of $69.55. This new high was reached on below average trading volume as 410,000 shares traded hands, while the average 30-day volume is approximately 693,000 shares.
Cabela's Incorporated retails hunting, fishing, camping, and outdoor sports products and apparel. The Company markets its products through its retail stores, website, and catalog. Cabela's retail stores also offer in-house clinics associated with hunting, fishing, and camping.
In the past 52 weeks, Cabela's share prices have been bracketed by a low of $33.10 and a high of $69.55 and are now at $69.53, 110% above that low price. The 200-day and 50-day moving averages have moved 1.33% higher and 2.92% higher over the past week, respectively.
Cabela's (NYSE:CAB) defies analysts with a current price ($69.53) 16.7% above its average consensus price target of $57.90. The stock should discover initial support at its 50-day moving average (MA) of $59.95 and subsequent support at its 200-day MA of $51.34.
