• Return to Headlines

Watch for Advance Auto Par to Potentially Pullback After Gaining 1.53% Yesterday

By Shiri Gupta

Advance Auto Par (NYSE:AAP) traded in a range yesterday that spanned from a low of $157.40 to a high of $158.29. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $156.89 on volume of 641,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Advance Auto Par share prices have been bracketed by a low of $113.61 and a high of $186.15 and are now at $158.29, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders advance auto par

Ticker(s): AAP