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Watch for O'Reilly Automot to Potentially Rebound After Falling 2.07% Yesterday

By Shiri Gupta

O'Reilly Automot (:ORLY) traded in a range yesterday that spanned from a low of $388.42 to a high of $411.96. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $405.87 on volume of 864,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 $419.21, which is 147% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

Keywords: rebounders :orly o'reilly automot

Ticker(s): ORLY