Bearish Moving Average Cross by Advance Auto Parts (AAP)
Today, shares of Advance Auto Parts (NYSE:AAP) have fallen below their 10-day MA of $151.77 on a volume of 171K shares. Swing traders may find 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 $150.25, 14% 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 monitoring the recent change of momentum in Advance Auto Parts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Advance Auto Parts in search of a potential trend change.
Keywords: moving crosses Advance Auto Parts