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

By David Diaz

Today, shares of Advance Auto Parts (NYSE:AAP) have crossed bearishly below their 10-day moving average of $146.22 on a volume of 1.1 million 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.

In the past 52 weeks, Advance Auto Parts share prices have been bracketed by a low of $131.59 and a high of $201.24 and are now at $142.06, 8% above that low price. 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 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 8.8%. 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