O'Reilly Automotive, Inc. (ORLY)

Purchase Info

Stock Price History

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Our View

O’Reilly Automotive, better known as O’Reilly Auto Parts, is an aftermarket parts, tools, and supplies retailer. It has a sizeable presence in the US, with more than 5400 stores across 47 states. O’Reilly also does business in Mexico with over 20 stores. Automotive DIY has grown significantly over the years, and with the growth of the internet, it is expected to grow further. Additionally, O’Reilly has performed well through upcycles and downcycles. Its service offerings will find demand as Americans will want to keep their vehicles running. Therefore, the prospects of the company are bright.

The long-term monthly chart for O’Reilly shows a clear uptrend with notable pullbacks in 2017 and 2020. The most recent pullback happened in the second half of 2020 as the price fell by around 12%. The price found support at the bottom of the long-term trend and has since bounced back up. The price now looks set to test the $500 mark. A stop-loss can be placed below the bottom trend line at around $417

Position entered into our long-term tracking portfolio today. The entry point is at $455.33, and the stop-loss placed at $407,52, which is 11% below the entry point. The short-term to medium take profit at the top of the trend is set at $554.62, giving a profit of 22%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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