O'REILLY AUTOMOTIVE INC

The share price has rolled over like a water fall in a rounded top pattern. How low will in go? It is hard to say since this is the first correction of its kind with this stock. KMX's resent correction was approximately 40%. If that occurs here the share price bottom would be approximately $175. Will it happen???

Possible trade if triggered see chart

Orly and autozone erns tare two very nice based stocks with beautiful patterns that could cost you in the end if your not sure what your doing. over 90% of shares in both are held by institutions. what this means is that the equitys price is greatly influenced by the decions made by the big boys if they want to jump in and buy the stock or dump their stocks and ...

Looking to short ORLY here with resistance and 100 SMA above. Recent candles showing plenty of selling pressure with large upper wicks

Notes on chart

I have posted on ORLY before (in early November) and since then it has gone on to experience a lovely linear trend. After the first gap up I was waiting for a pullback followed by a breakout to enter the trade. This happened on the day of my last post so I was able to enter on the next bar. Yesterday's gap up added to my equity so overall I am happy with this ...

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 ...

ORLY had what I consider to be a gap and go. It broke out of a distribution phase, yesterday's candle was black and it's trapping anyone who sold short. Expect a short squeeze to happy and ORLY continue much higher. Regardless, great risk:reward

Shark sighting

Notes on chart

This could just go neutral for a week or two then jump again. But i think its going to re-trace itself about half way. I normally dont look at the big charts like 1w but this stock is one you would want to go long on, at-least for now. May short it will tight stops and then go long if i can get in at a good price.

$ORLY. Clearly having problems with breaking out and with their competitors doing a much better job of things, such as $AZO and @AAP, I am not feeling this immediate long at all. My senses tell me there is a pull back ot occur : unless some very tender intra-day numbers off of Friday hold : As for the OPTIONS CHAIN : not sure yet how to best overlay : but it is ...