O'Reilly Automotive (NASDAQ:ORLY) crossed under its 10-day moving average of $251.21 on a volume of 434K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
There is potential upside of 5.4% for shares of O'Reilly Automotive based on a current price of $244.38 and an average consensus analyst price target of $257.64. The stock should find initial support at its 50-day moving average (MA) of $238.01 and further support at its 200-day MA of $212.25.
O'Reilly Automotive, Inc. retails and supplies automotive aftermarket parts, tools, supplies, equipment, and accessories. The Company sells its products to do-it-yourself customers and professional mechanics or service technicians. O'Reilly operates stores throughout the United States.
Over the past year, O'Reilly Automotive has traded in a range of $120.34 to $258.15 and is now at $244.38, 103% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.8%.