Cedar Fair L.P. ($FUN) - Overbought - views

Cedar Fair L.P. has hit a technical signal on 3 different technical indicators. FUN is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $27.07 on Feb 8.

There are currently 4 analysts covering the company. Of these analysts, 4 have a buy recommendation. The current consensus estimate for quarterly earnings among the 4 analysts covering the stock is per share. Last quarter the company earned $2.75 per share. The consensus estimate for this years earnings is $1.35 per share as compared to the next years' expectation, of $2.15 per share. The consensus estimate for next years earnings is $2.15 per share, which represents forecast growth of 59.3%.

Over the last 52 weeks, the stock has been trading between $16.44 and $27.29. More recently in the last 4 weeks, the stock has been trading between $22.10 and $27.29. Yesterday the stock traded between $26.80 and $27.15. The stock currently has a PE ratio of 132.5.

Cedar Fair L.P. is trading 8.2% from its 20-day simple moving average (SMA) of $25.02 and 16.3% from its 50-day SMA and 31.11% from its 200-day SMA. Average daily volume over the last 30 days has been 349,370 shares.

At yesterdays close: the RSI was at 86.6, the CCI was at 115.8 and the Fast Stochastic was at 93.6. FUN closed yesterday at $27.07, on volume of 278,528 shares as compared to an average volume of 349,370 over the last 4 weeks.

Cedar Fair, L.P. owns and operates amusement and water parks in the United States and Canada. It operates 11 amusement parks, including Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island located near Cincinnati, Ohio; Canada's Wonderland located near Toronto, Canada; Dorney Park & Wildwater Kingdom located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan's Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott's Berry Farm located near Los Angeles in Buena Park, California; and California's Great America located in Santa Clara, California, as well as operated Gilroy Gardens Family Theme Park in Gilroy, California under the management contract. The company also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio; six separately gated outdoor water parks in Missouri, Ohio, and California; and five hotels. Cedar Fair Management, Inc. serves as the general partner of the company. Cedar Fair, L.P. was founded in 1983 and is based in Sandusky, Ohio.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.