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:

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,279.74 ▲13.75 (0.08%)
o S&P 500 2,010.40 ▼0.96 (-0.05%)
o NASDAQ 4,579.79 ▼13.64 (-0.30%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,279.74 Trade time:4:36PM EDT Value change:▲13.75 (0.08%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,010.40 Trade time:4:36PM EDT Value change:▼0.96 (-0.05%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,579.79 Trade time:5:15PM EDT Value change:▼13.64 (-0.30%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.