The current point exhibits upward signals according to my algorithmic system, meeting various criteria. These include rising trading volume, an upward trend indicated by prices above EMA20 and EMA50, and the closing price surpassing VWAP. As a result, the present conditions suggest a potential upward trend.
GPC is a dividend aristocrat (One of the few stocks that has increased it's dividend for at least 25 years) It is in a fairly oversold state right now having just paid out it's most recent dividend. (2.15% annual yield)
The other way to play it would be to sell a naked Put or a Put spread at around $160 but the RR ratio is not good. As it stands - the RR is...
The PEAD projected a Bullish outlook for $GPC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Chaos & Crisis are bad for some and good for others (Wei Ji). 💎
Headlines:
Sep 5, 2012: Economic Crisis Creates Demand for Discount Auto Parts
Aug 18, 2017: The Financial Crisis May Finally Be Catching Up With Auto-Parts Retailers
July 5, 2019: Auto Sales and the 2007-09 Recession
Mar 24, 2020: Why the Auto Parts Sector Could Hold Up In a Recession
Aug 11,...
Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters
* Coming up on the right side of its ~7 month base with higher than average volume
* Creating an ascending triangle pattern (bullish)
* Printed a pocket pivot
Technicals:
Sector: Consumer Cyclical - Specialty Retail
Relative Strength vs. Sector: 1.23
Relative Strength vs....
Huge pattern. I could barely fit this on the page! Earnings tomorrow BMO!!!
GPC was cruising a long and was caught in a bearish rising wedge..seems to have recovered from the fall from the RW and formed a double bottom in the mean time.
Trading earnings can be risky so be safe..lots sell before earnings. Brave folks buy if they think the stock will beat. ...
Hello guys, GENUINE PARTS CO is in a bearish fake movement with a large buying volume and an upside down candle. In the TIMEFRAME M1 we see a marubozu with a small explosion of sales volume executed it goes to its last low point. Which is located below the base of the bolinger to do a reversal re-test bollinger levels. And move towards the top of the equilibrium...
GPC appears set to open around 84 this morning, testing the lower long-term sideways channel. Certainly worth a nibble at this level with a high dividend that appears to be sustainable.
What is the market signaling though with the high dividend? Going to buy some this morning for the dividend
