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.