Advance Auto Parts Inc ($AAP) - Overbought - views

Advance Auto Parts Inc has hit a technical signal on 3 different technical indicators. AAP is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $85.57 on Feb 17.

There are currently 24 analysts covering the company. Of these analysts, 8 have a buy recommendation. The current consensus estimate for quarterly earnings among the 24 analysts covering the stock is $0.69 per share. Last quarter the company earned $1.18 per share. The consensus estimate for this years earnings is $4.74 per share as compared to the next years' expectation, of $5.34 per share. The consensus estimate for next years earnings is $5.34 per share, which represents forecast growth of 12.7%.

Over the last 52 weeks, the stock has been trading between $49.50 and $87.49. More recently in the last 4 weeks, the stock has been trading between $71.80 and $87.49. Yesterday the stock traded between $85.48 and $87.49. The stock currently has a PE ratio of 14.2.

Advance Auto Parts Inc is trading 9.5% from its 20-day simple moving average (SMA) of $78.13 and 16.4% from its 50-day SMA and 33.93% from its 200-day SMA. Average daily volume over the last 30 days has been 1,261,605 shares.

At yesterdays close: the RSI was at 83.3, the CCI was at 228.9 and the Fast Stochastic was at 83.7. AAP closed yesterday at $85.57, on volume of 2,096,000 shares as compared to an average volume of 1,261,605 over the last 4 weeks.

Advance Auto Parts, Inc., through its subsidiaries, operates as a retailer of automotive aftermarket parts, accessories, batteries, and maintenance items. It operates in two segments, Advance Auto Parts (AAP) and Autopart International (AI). The AAP segment operates stores, which primarily offer auto parts, including alternators, batteries, chassis parts, clutches, engines and engine parts, radiators, starters, transmissions, and water pumps; accessories comprising floor mats, mirrors, vent shades, MP3 and cell phone accessories, and seat and steering wheel covers; chemicals consisting of antifreeze, freon, fuel additives, and car washes and waxes; and oil and other automotive petroleum products. This segment also provides battery and wiper installation, battery charging, check engine light reading, electrical system testing, video clinics and project brochures, loaner tool programs, and oil and battery recycling services; and sells its products through online. The AI segment operates stores that offer replacement parts for domestic and imported cars, and light trucks to customers in northeast and mid-Atlantic regions, as well as to warehouse distributors and jobbers in North America. As of January 1, 2011, the company operated 3,369 AAP stores, including 3,343 stores located in the northeastern, southeastern, and Midwestern regions of the United States under the Advance Auto Parts and Advance Discount Auto Parts trade names; 26 stores situated in Puerto Rico and the Virgin Islands under the Advance Auto Parts and Western Auto trade names; and 194 stores under the Autopart International trade name in the United States. It serves do-it-yourself, do-it-for-me, or commercial customers. The company was founded in 1929 and is based in Roanoke, Virginia.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.