The AAP share price has performed very well this year, is there more upside after recent figures? Aug-15-18 Advance Auto Parts stock soars after results, helps drive up rivals MarketWatch Edited Transcript of AAP earnings conference call or presentation 14-Aug-18 12:00pm GMT Thomson Reuters StreetEvents Aug-14-18 US STOCKS-Wall St gains on upbeat earnings, easing Turkey jitters Reuters +7.79% Why Abercrombie & Fitch, Tapestry, and Advance Auto Parts Jumped Today Motley Fool
May seems to have been the time to get in when the shares broke above the top trend line - but it is easy in hindsight. The price has since broken above the higher trend line but I would guess there will be some willing sellers who maybe bought nearer the $100 level? It might be time to look again after a short period of consolidation?
From press article:- "Shares of Advance Auto Parts Inc. ran up to a 17-month high Tuesday, after the auto parts retailer beat second-quarter profit and sales expectations, raised its full-year revenue outlook and announced a new share repurchase plan." Seems like the perfect storm to me?
I am always reluctant to buy shares which have risen significantly in the short term with a crescendo towards the end. However, this one is a little trickier than normal because the comments from the company suggest it is trading very well and will beat current expectations. Is it worth waiting to see if the shares do fall back at some stage?
