Candlesticks - Bearish Engulfing O'Reilly

orly New York, December 6th (TradersHuddle.com) - Shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY) ended the trading session lower by $1.98 or -2.13% from its previous close. O'Reilly's price action formed what is considered to be a bearish engulfing candlestick chart pattern.

O'Reilly Automotive, Inc. (NASDAQ:ORLY) retails and supplies automotive aftermarket parts, tools, supplies, equipment, and accessories. The Company sells its products to do-it-yourself customers and professional mechanics or service technicians throughout the United States.

O'Reilly's current stock range is determined by calculated support defined at $78.58 and by the resistance level at $93.21, which should be used by traders planning their next move.

If traders want to establish a position in O'Reilly, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor O'Reilly for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    Real Money Pro from TheStreet: Headlined by legendary hedge fund manager Doug Kass, our team of market technicians and professional traders hand you unique perspectives and breakthrough investment opportunities. Access this exciting service -- Real Money Pro -- FREE, right now!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 17,071.22 ▼41.93 (-0.25%)
    o S&P 500 1,977.80 ▼5.05 (-0.25%)
    o NASDAQ 4,505.85 ▼6.34 (-0.14%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,071.22 Trade time:4:31PM EDT Value change:▼41.93 (-0.25%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,977.80 Trade time:4:31PM EDT Value change:▼5.05 (-0.25%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,505.85 Trade time:5:15PM EDT Value change:▼6.34 (-0.14%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.