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Advance Auto Parts Bearish Moving Average Crossover Alert (AAP)

By Amy Schwartz

Today, shares of Advance Auto Parts (NYSE:AAP) have fallen below their 10-day MA of $136.39 on a volume of 264K 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.

Advance Auto Parts share prices have moved between a 52-week high of $201.24 and a 52-week low of $129.40 and are now trading 4% above that low price at $135.16 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Advance Auto Parts on February 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $161.52. Since that call, shares of Advance Auto Parts have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Advance Auto Parts

Ticker(s): AAP