• Return to Headlines

Bullish Moving Average Cross by Advance Auto Par (AAP)

By Shiri Gupta

Advance Auto Par (NYSE:AAP) shares have crossed bullishly above their 10-day moving average of $119.55 on a volume of 1.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Advance Auto Par has traded in a range of $78.81 to $151.35 and is now at $121.56, 54% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Advance Auto Par on April 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $115.27. Since that recommendation, shares of Advance Auto Par have risen 3.4%. We continue to monitor AAP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses advance auto par

Ticker(s): AAP