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JimVanMeerten (61.58)

O'Reilly Automotive still expanding

Recs

1

June 20, 2011 – Comments (0) | RELATED TICKERS: ORLY

Barchart technical indicators:

1 - 100% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 5 new highs and up 4.22% in the last month

5 - Relative Strength Index is 67.34% and rising

6 - Trades around 62.06 with a 50 day moving average of 58.95

Summary:  All the automotive repair stocks have done well during the recession as the average mileage on vehicles on the roads has continued to climb.  Higher miles - more repairs.  Analysts are softening their projections for several reasons.  Higher gas prices mean less driving.  New car sales increases mean the average mileage of cars on the road may come down.  If the analysts projections for the increases in sales and earnings continue investors could see an annual total return in the 15% to 20% range for O"Reilly Automotive (ORLY).

Jim Van Meerten is a Marketocracy Master

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