AnneTrader
Long

ORLY driving higher

NASDAQ:ORLY   O'REILLY AUTOMOTIVE INC
ORLY             has convincingly broken out of an 8 month range. Last week a bullish flag was confirmed on the weekly chart.
On the daily chart price gapped up on higher volume . Support is now around the 160 zone.

The gap was too soon to enter on a longer term strategy, due to the prolonged consolidation - it could have been a fakeout.

I will be waiting for a pullback followed by a further breakout before considering buying into this one.
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