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Advance Auto Par Crosses Above its 10-day MA (AAP)

By David Diaz

Advance Auto Par (NYSE:AAP) crossed over its 10-day moving average of $166.93 on a volume of 143K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Advance Auto Par share prices have been bracketed by a low of $78.81 and a high of $170.91 and are now at $167.04, 112% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 1.7%.

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 44.6%. 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