Monday, April 2, 2012

Monday Morning Thread

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.