Today, shares of PEP Boys (NYSE:PBY) have crossed bearishly below their 10-day moving average of $11.32 on a volume of 129K 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.
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.
Based on a current price of $11.11, PEP Boys is currently 1.0% above its average consensus analyst price target of $11.00. The stock should find initial support at its 50-day moving average (MA) of $10.54 and further support at its 200-day MA of $10.09.
In the past 52 weeks, shares of PEP Boys have traded between a low of $8.31 and a high of $15.14 and are now at $11.11, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.
