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Advance Auto Par Bullish Moving Average Crossover Alert (AAP)

By David Diaz

Today, shares of Advance Auto Par (NYSE:AAP) have crossed bullishly above their 10-day moving average of $146.02 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Advance Auto Par has traded in a range of $78.81 to $157.80 and is now at $156.88, 99% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Advance Auto Par on April 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $115.27. Since that recommendation, shares of Advance Auto Par have risen 25.7%. We continue to monitor AAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses advance auto par

Ticker(s): AAP