Auto Parts Retailers

Well, I retract my “God is Dead” statement from yesterday’s post, because there’s no doubt God reads the Slope of Hope (he doesn’t have an account for comments, but if he did, I promise I’d give him a 5-star account). He decided to throw a lightning bolt at BWLD, and ouch, that hurt. So let’s turn our attention elsewhere.

Auto parts retailers have been extremely strong for months, recovering from a severe drop. I don’t think it’s time yet, but we’re getting close to important resistance.

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You can see this with O’Reilly, above, and AutoZone, below, which features a couple of SlopeChart’s fancy-pants indicators.

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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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