TMCnet News
After Yesterday's Decline of 1.25%, Advance Auto Parts Offers Investors Better ValueNov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Advance Auto Parts (NYSE:AAP) traded in a range yesterday that spanned from a low of $77.99 to a high of $80.76. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $79.20 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. SmarTrend is monitoring the recent change of momentum in Advance Auto Parts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Advance Auto Parts in search of a potential trend change. Over the past year, Advance Auto Parts has traded in a range of $60.87 to $93.08 and is now at $78.41, 29% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.75% higher over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |