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Watch for O'Reilly Automot to Potentially Rebound After Falling 1.03% Yesterday

By David Diaz

O'Reilly Automot (:ORLY) traded in a range yesterday that spanned from a low of $417.60 to a high of $420.79. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $423.91 on volume of 155,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of O'Reilly Automot have traded between a low of $169.43 and a high of $448.53 and are now at $419.78, which is 148% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 0.21% lower over the past week, respectively.

SmarTrend is tracking the current trend status for O'Reilly Automot and will alert subscribers who have ORLY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :orly o'reilly automot

Ticker(s): ORLY