The Chart of the Day belongs to O’Reilly Automotive (NASDAQ:ORLY). I found the stock by sorting the All Time High list for the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/20 the stock gained 17.21%.

O’Reilly Automotive, Inc. is a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment and accessories to both “do-it-yourself“ customers and professional mechanics or service technicians. O’Reilly stores carry an extensive product line consisting of new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, and brake shoes and pads, maintenance items, such as oil, antifreeze, fluids, engine additives and appearance products, accessories, such as floor mats and seat covers.

Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 0 and 100 day moving averages
  • 21 new highs and up 22.29% in the last month
  • Relative Strength Index 81.13%
  • Barchart computes a technical support level at 179.15
  • Recently traded at 181.63 with a 50 day moving average of 160.36
  • Fundamental factors:

  • Market Cap $18.85 billion
  • P/E 25.69
  • Revenue expected to grow 8.10% this year and another 6.50% next year
  • Earnings estimated to increase 20.20% this year, an additional 14.20% next year and continue to increase at an annual rate of 16.20% for the next 5 years
  • Wall Street analysts issued 7 strong buy, 8 buy and 10 hold recommendations on the stock
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