O'Reilly Automotive: The Winning Streak Continues (ORLY)
O'Reilly Automotive (NASDAQ:ORLY) traded at a new 52-week high today of $292.84. This new high was reached on approximately average trading volume as 557,000 shares traded hands, while the average 30-day volume is approximately 676,000 shares.
Potential upside of 3.1% exists for O'Reilly Automotive, based on a current level of $283.39 and analysts' average consensus price target of $292.29. The stock should find initial support at its 50-day moving average (MA) of $269.64 and further support at its 200-day MA of $256.08.
In the past 52 weeks, shares of O'Reilly Automotive have traded between a low of $120.34 and a high of $292.84 and are now at $283.39, which is 135% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.
O'Reilly Automotive, Inc. retails and supplies automotive aftermarket parts, tools, supplies, equipment, and accessories. The Company sells its products to do-it-yourself customers and professional mechanics or service technicians. O'Reilly operates stores throughout the United States.
SmarTrend recommended that subscribers consider buying shares of O'Reilly Automotive on June 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $267.57. Since that recommendation, shares of O'Reilly Automotive have risen 3.7%. We continue to monitor ORLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows o'reilly automotive