$AAP Advance Auto Parts Earnings Trade
Potential long into earnings post bullish downtrend break.
Initial upside target $166.
Stop loss $154
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AAP trade ideas
$AAP Advance Auto Breakout Pre-Earnings$AAP Advance Auto breaking out of a long term downtrend Friday on strong volume.
Earnings coming up this week - before the open Tuesday 8/18.
$ORLY O'Reilly Auto Parts crushed earnings a couple weeks ago...many are expecting solid numbers from $AAP.
Looking at options, open interest Put/Call ratio stands at 0.50 currently. Or in other works, for every put held in open interest there are two calls.
This week expiration specifically, there's a significant amount of ITM calls in open interest compared to almost no puts.
I expect we see $170 at a minimum this week if not higher.
Note: Educational, not investment advice.
AAPMade it back to the scene of the crime (neckline of the h&s at the end of 2019). No position, just an observation.
APP LongNear the apex of the triangle, could go down then go up. Regardless it will be a good entry point. If it does go down, average it out.
BUY to ADVANCE AUTO PARTS at market openingHey traders, ADVANCE AUTO PARTS is in a fake bearish movement, a lot of sales volume traded in recent sessions. It is looking to turn around to its last low point to rise to the upside, in which case there is a great possibility of breaking the equilibrium zone due to the long position in this zone and to move towards the upper zone.
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$AAP Advance Auto parts Trade Setup
Possible long entry @ $150
Upside target to long term downtrend @ $159
Moving averages support
Indicators in bullish reversals
AAP has 2 indicators!! First is $146.36......2nd is $148.11
I'm hopping in and ready to buy more over the next few days if we see more of a dip
Signals are pretty strong here
AAP Signaled multiple times with a target price of $146+Bought in AAP here. 1st target price is $146+ based on my proprietary signals I coded into pine editor. Candlestick patterns are indicating a run up. Typically the patterns can take up to 45 days, but usually a lot sooner. I don't mind tho. Gives me opportunity to accumulate.
Keep an eye on this one. Second target is $148
I have my call options and I'm ready to go!
NYSE:AAP
AAP short in uptrend - maybe not so good ideaBig pictrue of fundamental analysis and technical analysis. today market is not so convinded to go up, especialy automotive industriy will probably not be the winer of the situation
Write sometning about your psyhology thinking before trade? calm
Describe the trade. What you see? there was to leg up with a pullback, there is a resistance line, OBV is in divergence and MACD histogram going down
Write why you want to enter the trade in this point? macd, obv, resistance
What have I done well for this trade? you enter the trade according to analyse
What can I take away to help with later trades? be carefull on macd histogram somtimes is lying
AAP breaking out in DailyAAP is bouncing off Weekly support and just broke out a daily Resistance. A modest target at 50 percent fib on H2 chart can be the first target.
H2 attached:
Reversal in Advance Auto parts
Possible short term reversal trade with $142 as entry
Target price to Fibonacci resistance $154
Advance Auto Parts (NYSE:AAP) reports comparable-store sales grew 0.1% in Q4.
Adjusted gross margin rate down 19 bps to 44%.
Adjusted SG&A expense rate improved 125 bps to 36.9%.
Adjusted operating margin rate up 106 bps to 7.1%.
Store count -72 Y/Y to 5,037.
Source Seeking Aplha
FY2020 Guidance: Net sales: $988B to $10.1B; Comparable-store sales: Flat to 2%; Adjusted operating margin rate: 8.4% to 8.7%; Tax rate: 24% to 26%; Capex: $275 to $325M; Free cash flow: minimum $600M.
Company profile
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
Bearish looksIn between those two lines. Looks bearish. If it gets inside of that big wedge, then expect a move upwards.
AAP, earnings play. Generally stock is oversold on RSI , and about to get positive divergence on MACD. It's all depends on earnings.
Holding cheap mid apr exp calls, about to add more if things are going to get interesting. Tight stop loss. Stock is sitting on significant support /resistance so if it slips - it will slump hard -10/-20$. So obviously earnings is a trade direction reverse spot to watch.
AAPLow MACD below 0, bullish divergence , bull pattern penetrated upper level. In some Dec 20 calls , strike $60 for 0.50 ea.
AAP Gap fill MACD below Zero-line. Waiting for Gap to fill back to $155 , then we will come back and see where trend is going.
$AAP Advance Auto Parts drives higher.Entry level $171 = Target price $182 = Stop loss $167
Advance autos had been flagged as a possible hot stock by means of its indicators tuning in a bullish fashion and the impending golden cross on the moving averages.
The stock is very close to its current average analysts price target, so more upgrades like that by UBS yesterday are likely to follow.
Company profile
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
