AAP breaking out but can it hold?
* Making new all-time-highs
* Expected to better in the coming year
* Beta of over 1
* Not much volume following the break or even before the break
* Has been consolidating since 2015 and recently broke out again from $201.24
* Good long term hold as it pays out dividends
* This did break the recent all-time-highs of $210.18 but not with a lot of volume
* It broke the previous all-time-highs of $201.24 but couldn't hold
Final thoughts:
* Expected to better in the coming year
* Beta of over 1
* Not much volume following the break or even before the break
* Has been consolidating since 2015 and recently broke out again from $201.24
* Good long term hold as it pays out dividends
* This did break the recent all-time-highs of $210.18 but not with a lot of volume
* It broke the previous all-time-highs of $201.24 but couldn't hold
Final thoughts:
- Look for buying opportunities around the $205.60
OR - Wait and see how the price reacts to breaking $210.18
Nota
This gave a pull back to $205.46 as expected.Thinking this may break out next week.
For now $201.24 is support, however, I don't think it'll go that far down.
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