ORLY has a positive long-term theme (older cars), but current technical weakness means waiting for a bottom and 200-day SMA recapture before buying.
Jump to any passage
O'Reilly getting near a buy point. We could take a quick peek at that here real quick. Hopefully, unless something crazy happens and we have to divert our attention. So, O'Reilly here, I think we talked about Yeah, I think we talked about this being right near a support, right?
84ish. This this low, I think, is what we discussed last time.
Yeah, I mean I still like the uh the theme that people are going to uh move to to older cars. Uh that's what you talk with Felicia. That's what uh uh you know her husband's been training people on.
So um maybe we're just I think we're still just early. I own I own Copart O'Reilly is uh is probably just I mean I I don't want to you know make excuses or try to you know say oh it's it's probably doing this or this or that.
Uh, I'm still just waiting for some of these to, you know, actually put in a bottom where and then, you know, turn around. This one's still kind of leaking uh lower and I want to see um I want to see actually a recapture of the the 200 day SMA.
I think that would be more much more enticing to me uh to to jump into O'Reilly. Until then, um I think I'll just wait this one out.
Yeah, that's up near 92. We'd also be challenging this trend line here. I did cut down one of the wicks there, but um it would um that that'd be good if you can get back above that. lot lots of hat in the auto auto parts dealers in this chat last week.
I mean, you know, it's the whole tariff thing with with Canada is probably, you know, a big reason for that. Um but I I I like I said, when it comes to this uh you know, the O'Reilly and and AutoZone, uh I think I and you know, Advanced Auto Parts, Napa, uh they're still coming in. just wait for them to bottom.
Watchpoints
What this channel has said about $ORLY
Benzinga has only this one call on this stock.