According to Yahoo!Quotes, Advance Auto Parts (AAP) “… provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks.”
Below are the downside support targets based on the high of $199.38 and the upside resistance targets based on the $79.26 low.
Downside Support Targets
-
$89.92
-
$78.19
-
$66.46
Upside Resistance Targets
-
$179.56
-
$199.34
Summary
In a very short period of time, AAP has managed to achieved the downside targets after the $199.34 peak price. From the $76.26 low, all of the basic upside resistance targets have been achieved except $179.56 and $199.34. A continued reversal from the $169.48 price suggests that a retest of the $140 price. Exceeding $176.18 implies a retest of $199.34.