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Bearish Moving Average Cross by O'Reilly Automot (ORLY)

By Shiri Gupta

Today, shares of O'Reilly Automot (NASDAQ:ORLY) have fallen below their 10-day MA of $197.74 on a volume of 217K 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, O'Reilly Automot has traded in a range of $169.43 to $292.84 and is now at $196.58, 16% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for O'Reilly Automot and will alert subscribers who have ORLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses o'reilly automot

Ticker(s): ORLY