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

By Shiri Gupta

Today, shares of Advance Auto Par (NYSE:AAP) have crossed bearishly below their 10-day moving average of $152.66 on a volume of 232K 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.

In the past 52 weeks, Advance Auto Par share prices have been bracketed by a low of $133.32 and a high of $186.15 and are now at $150.47, 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

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