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Auto Parts Retailer Forming High Tight Flag in Strong Trend

by | Sep 18, 2024

O’Reilly Automotive (ORLY) shares are forming a high tight bull flag in a coiled pattern near 1130 as the stock nears a bullish MACD cross that could likely ignite things to break above 1150 and target the former all-time highs from March at 1169. ORLY has stayed strong since the rebound off the June lows and now could be forming the handle of a solid looking cup with handle pattern which larger objective into 1200+ potentially going into year end. A higher dollar stock but also a name that could eventually announce a split which would be bullish.

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