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Gator's Chart of the Day: ORLY |
O'Reilly Automotive has been a strong performer since Thanksgiving and it could be argued that the run is done but I don't think so. The stock is now in a volatility squeeze and Friday it printed a green candle on increased volume. If it opens well it could move up outside the Bollinger bands for a couple of more days before slowing. A stop just under the 20 day simple moving average makes this a low risk entry.