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

By Amy Schwartz

O'Reilly Automotive (NASDAQ:ORLY) crossed over its 10-day moving average of $271.12 on a volume of 112K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

O'Reilly Automotive share prices have moved between a 52-week high of $277.96 and a 52-week low of $120.34 and are now trading 127% above that low price at $272.86 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 0.7%.

SmarTrend recommended that subscribers consider buying shares of O'Reilly Automotive on February 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $252.13. Since that recommendation, shares of O'Reilly Automotive have risen 7.2%. We continue to monitor ORLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses o'reilly automotive

Ticker(s): ORLY