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

By Nick Russo

O'Reilly Automotive (NASDAQ:ORLY) shares have crossed bullishly above their 10-day moving average of $277.11 on a volume of 112K 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, O'Reilly Automotive has traded in a range of $120.34 to $292.84 and is now at $277.46, 131% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 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