• Return to Headlines

After Yesterday's Rally of 2.05% Shares Could Potentially Pullback

By James Quinn

O'Reilly Automot (NASDAQ:ORLY) traded in a range yesterday that spanned from a low of $219.85 to a high of $225.30. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $224.75 on volume of 528,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

O'Reilly Automot share prices have moved between a 52-week high of $292.84 and a 52-week low of $217.99 and are now trading 3% above that low price at $224.36 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of O'Reilly Automot on April 28th, 2017 by issuing a Downtrend alert when the shares were trading at $251.37. Since that call, shares of O'Reilly Automot have fallen 12.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders o'reilly automot

Ticker(s): ORLY