O Reilly Automotive Inc (ORLY): Price Now Near $556.39; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for ORLY

At the time of this writing, ORLY (Get Ratings)’s price is down $-0.66 (-0.12%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

ORLY ranks 7th in terms of today’s price percentage change out of Retail stocks.

ORLY’s Technical Outlook on the Daily Chart

At the time of this writing, ORLY’s price is up $6.77 (1.23%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows ORLY’s price action over the past 90 days.

ORLY

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