O’Reilly Top

In the midst of this insane market day, I thought I’d just trot out a sleepy short idea: O’Reilly Auto Parts, which has been painting out a top for many, many months. I’ve got a big short on this with a very tight stop at 256.68:

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0407-orlyclose

If we break $250, it’s all over: just look at the ascent and the lack of any price action holding it up.

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0407-orly

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