When (ORLY) Moves Investors should Listen

April 28, 2024, 18:04 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ORLY

• Buy ORLY slightly over 1001.32 target 1066.19 stop loss @ 998.43 Details

The technical summary data tells us to buy ORLY near 1001.32 with an upside target of 1066.19. This data also tells us to set a stop loss @ 998.43 to protect against excessive loss in case the stock begins to move against the trade. 1001.32 is the first level of support below 1043.93 , and by rule, any test of support is a buy signal. In this case, support 1001.32 would be being tested, so a buy signal would exist.

• Short ORLY slightly under 1066.19, target 1001.32, stop loss @ 1069.27 Details

The technical summary data is suggesting a short of ORLY as it gets near 1066.19 with a downside target of 1001.32. We should have a stop loss in place at 1069.27though. 1066.19 is the first level of resistance above 1043.93, and by rule, any test of resistance is a short signal. In this case, if resistance 1066.19 is being tested, so a short signal would exist.

Swing Trading Plans for ORLY

• Buy ORLY slightly over 1059.83, target 1066.19, Stop Loss @ 1056.77 Details

If 1059.83 begins to break higher, the technical summary data tells us to buy ORLY just slightly over 1059.83, with an upside target of 1066.19. The data also tells us to set a stop loss @ 1056.77 in case the stock turns against the trade. 1059.83 is the first level of resistance above 1043.93, and by rule, any break above resistance is a buy signal. In this case, 1059.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ORLY slightly near 1059.83, target 1001.32, Stop Loss @ 1062.89. Details

The technical summary data is suggesting a short of ORLY if it tests 1059.83 with a downside target of 1001.32. We should have a stop loss in place at 1062.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1059.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ORLY

• Buy ORLY slightly over 1059.83, target 1066.19, Stop Loss @ 1057.36 Details

If 1059.83 begins to break higher, the technical summary data tells us to buy ORLY just slightly over 1059.83, with an upside target of 1066.19. The data also tells us to set a stop loss @ 1057.36 in case the stock turns against the trade. 1059.83 is the first level of resistance above 1043.93, and by rule, any break above resistance is a buy signal. In this case, 1059.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ORLY slightly near 1059.83, target 1042.95, Stop Loss @ 1062.3. Details

The technical summary data is suggesting a short of ORLY if it tests 1059.83 with a downside target of 1042.95. We should have a stop loss in place at 1062.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1059.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  O'reilly Automotive Inc. (ORLY) available here: ORLY.

ORLY Ratings for April 28:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	1001.32
P2	1042.95	1059.83	1066.19
P3	1079.39	1097.95	1130.13

AI Generated Signals for ORLY

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  O'reilly Automotive Inc. (NASDAQ: ORLY) report below is a real world example. Included are trading plans for ORLY, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.