12.02.2015 - Advance Auto Parts tries to update the maximum

The stock price of Advance Auto Parts after a rebound from the bottom of the rising channel and fixing above 156.00, continued to rise and reached a local maximum at 163.75. In case of consolidation above this mark, we expect continued growth up to 170.00. On the other hand, a break through the bottom of the channel and fixation lower than 148.00 will be a signal to open short positions with the potential of fall to 135.70, 128.00 and 120.00. We expect the growth of quotations in the medium term.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.