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Advance Auto Par Set to Possibly Pullback After Yesterday's Rally of 1.11%

By Nick Russo

Advance Auto Par (NYSE:AAP) traded in a range yesterday that spanned from a low of $169.45 to a high of $173.69. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $170.56 on volume of 276,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Advance Auto Par share prices have moved between a 52-week high of $173.69 and a 52-week low of $78.81 and are now trading 120% above that low price at $173.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Advance Auto Par and will alert subscribers who have AAP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders advance auto par

Ticker(s): AAP