Another day confirming consolidation at the current price level. The whole NQ was very volatile today, and at least in my view, the last two days decline had more to do with the overall market sentiment than anything fundamental on PRTS itself. Note that the entire candle (all the entire candles) are fully contained within the uptrend at this price level. Also...
PRTS retraced today in normal fashion back down to support. Its very early but its quite possible its forming another bull pennant which Ive drawn in. Not concerned with todays pullback. on a high beta stock like this multi % days up and down are the norm. Especially after a massive move up last week. It did stay within the uptrend established back from the low in...
PRTS spent a long time consolidating and actually pushed itself out of the upward channel it created on the way up. It's now made a retracement into the channel and it is close to touching the upper line. Note that it had broken out above the main channel before creating the bull pennant.
Interesting to note was that during the recent overall market...
US Auto Parts Network (PRTS, $8.85) gained +231.46% and reached a new high over the last three months. By comparison, the broader Internet Retail Industry returned 95.9% over the same period of time. I analyzed 25 stocks in the Internet Retail Industry over the same period of time and found that 25 of them (100%) were in an Uptrend while none of them showed a...
U.S. Auto Parts Network, Inc. engages in the provision of automotive aftermarket parts. The firm's flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, www.automd.com and www.usautoparts.net. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The company was founded by Sol Khazani and Mehran...
U.S. Auto Parts Network, Inc. engages in the provision of automotive aftermarket parts. The firm's flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, www.automd.com, and www.usautoparts.net. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The company was founded by Sol Khazani and...
PRTS has been on a great run. They just added Icahn Auto SVP to the team too. I think the move toward automotive lately is a good sign for companies like PRTS. But given that fact, the momentum has to slow sometime, doesn't it? It's been on a great run since April. I just hope the company doesn't get carried away with raising new money, etc. like so many other ...
