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Look for Shares of O'Reilly Automot to Potentially Rebound after Yesterday's 1.12% Sell Off

By David Diaz

O'Reilly Automot (NASDAQ:ORLY) traded in a range yesterday that spanned from a low of $339.77 to a high of $345.23. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $342.78 on volume of 311,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of O'Reilly Automot on April 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $255.75. Since that recommendation, shares of O'Reilly Automot have risen 34.5%. We continue to monitor ORLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

O'Reilly Automot share prices have moved between a 52-week high of $351.65 and a 52-week low of $190.00 and are now trading 79% above that low price at $340.49 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.7%.

Keywords: rebounders o'reilly automot

Ticker(s): ORLY