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O'Reilly Automot Bullish Moving Average Crossover Alert (ORLY)

By Amy Schwartz

Today, shares of O'Reilly Automot (:ORLY) have crossed bullishly above their 10-day moving average of $383.95 on a volume of 115K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, O'Reilly Automot has traded in a range of $0.00 to $387.26 and is now at $386.57, -100% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of O'Reilly Automot on May 28th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $372.43. Since that recommendation, shares of O'Reilly Automot have risen 3.1%. We continue to monitor ORLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses :orly o'reilly automot

Ticker(s): ORLY