Bearish Moving Average Cross by Advance Auto Parts (AAP)
Advance Auto Parts (NYSE:AAP) shares have crossed bearishly below their 10-day moving average of $158.10 on a volume of 323K 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.
Over the past year, Advance Auto Parts has traded in a range of $131.59 to $201.24 and is now at $154.29, 17% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.34% higher over the past week, respectively.
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