Advance Auto Parts Bearish Moving Average Crossover Alert (AAP)
Today, shares of Advance Auto Parts (NYSE:AAP) have fallen below their 10-day MA of $154.07 on a volume of 282K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Advance Auto Parts has traded in a range of $131.59 to $201.24 and is now at $153.32, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for Advance Auto Parts and will alert subscribers who have AAP in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Advance Auto Parts