PEP Boys (NYSE:PBY) shares have crossed bullishly above their 10-day moving average of $9.93 on a volume of 416K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Potential upside of 6.6% exists for PEP Boys, based on a current level of $10.08 and analysts' average consensus price target of $10.75. The stock should find initial resistance at its 50-day moving average (MA) of $10.10 and further resistance at its 200-day MA of $11.53.
Over the past year, PEP Boys has traded in a range of $8.31 to $15.46 and is now at $10.08, 21% above that low. The 200-day and 50-day moving averages have moved 0.38% lower and 0.59% higher over the past week, respectively.
The Pep Boys - Manny, Moe & Jack retails automotive parts and accessories, provides automotive maintenance and service, and installs parts. The Company operates PEP BOYS stores in the United States and Puerto Rico.