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Advance Auto Par Bullish Moving Average Crossover Alert (AAP)

By Nick Russo

Today, shares of Advance Auto Par (NYSE:AAP) have crossed bullishly above their 10-day moving average of $154.53 on a volume of 170K 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 $130.09 to $186.15 and is now at $155.14, 19% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Advance Auto Par on September 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $145.10. Since that recommendation, shares of Advance Auto Par have risen 5.3%. 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