O'Reilly Automotive Bearish Moving Average Crossover Alert (ORLY)
O'Reilly Automotive (NASDAQ:ORLY) shares have crossed bearishly below their 10-day moving average of $267.99 on a volume of 105K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, O'Reilly Automotive has traded in a range of $120.34 to $277.96 and is now at $266.05, 121% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 0.18% higher over the past week, respectively.
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 6.5%. 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