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Advance Auto Par Bearish Moving Average Crossover Alert (AAP)

By James Quinn

Advance Auto Par (NYSE:AAP) crossed under its 10-day moving average of $178.30 on a volume of 157K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Advance Auto Par share prices have moved between a 52-week high of $186.15 and a 52-week low of $102.15 and are now trading 74% above that low price at $177.76 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Advance Auto Par and will alert subscribers who have AAP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses advance auto par

Ticker(s): AAP