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| Gator's Chart of the Day: ORLY |
O'Reilly Automotive reports earnings on Wednesday, April 25th after market. It has been moving steadily higher since the last report in late January when it reacted poorly with a "sell the news" response. That is likely to happen again in this market but it is also likely that it will continue to perform well until that event. Notice the sharp run it made into the last report.
I think it is unlikely that ORLY will move through 100 (it's the round number thing) but it would not surprise me to see it get close before it reports. Of course if the rest of the market corrects O'Reilly will probably pull back too.
