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

By Shiri Gupta

Today, shares of O'Reilly Automotive (NASDAQ:ORLY) have fallen below their 10-day MA of $246.06 on a volume of 322K 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.

O'Reilly Automotive share prices have moved between a 52-week high of $292.84 and a 52-week low of $120.34 and are now trading 101% above that low price at $241.92 per share. Over the last five market days, 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 Automotive and will alert subscribers who have ORLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses o'reilly automotive

Ticker(s): ORLY