"AAP Long" Bullish will this see $165+ by DecemberNYSE:AAP nice overall bullish chart, I feel this pull back was a nice opportunity to get in on this once for a nice swing as it can make a move back towards that 165 price point which it will need to break to retest recent highs. As of now AAP has reclaimed the lower range and a nice trend break on the shorter time feel. If AAP can reclaim and hold 157.97 - 159.19 area that will give it a nice range break and retest 161.61 - 163.55 before that 165 is in the cards. love hove the recent pulled back also created a higher low and which crated a defined risk.
AAP trade ideas
AAP - 6.79% Potential Profit - Ascending TriangleClear uptrend Support with an Ascending Triangle formed within.
Target price set at a new potential resistance line.
New support confirmed multiple times on the 5-min chart.
- 5-month uptrend
- RSI + Stoch well above 50
- MACD below Signal (!)
Suggested Entry $155.33
Suggested Stop Loss $152.88
Target price $165.88
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
$AAP Advance Auto Breakout Pre-Earnings$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.
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 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
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 $600M.
Company profile
Advance Auto Parts, Inc. engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage. The company was founded by Arthur Taubman in 1929 and is headquartered in Raleigh, NC.
AAP, earnings play. Generally stock is oversold on RSI , and about to get positive divergence on MACD. It's all depends on earnings.
Holding cheap mid apr exp calls, about to add more if things are going to get interesting. Tight stop loss. Stock is sitting on significant support /resistance so if it slips - it will slump hard -10/-20$. So obviously earnings is a trade direction reverse spot to watch.