The pole is Down so this is a bear pennant, but it is still a neutral pattern until the top or bottom line is broken.
This was in a horizontal trading zone/rectangle/that broke to the downside.
Some would use the pole and extend it from the point of the break to the downside to calculate targets.
This just looks cheap/undervalued to me, but even dirt can get cheaper. I do see that growth is flat over the last 4 quarters.
It just seems auto parts would be a good sector if we are in or going in to a recession(I'm confused on whether we are in a recession or going in to one, or what???? It just seems new car purchases would decrease with the iffy economy and folks would have their old car fixed or maintained.
No recommendation.
AAP seems to have always struggled compared to some of it's competitors.
EPS (FWD)
10.96
PE (FWD)
10.72
Div Rate (FWD)
$6.00
Yield (FWD)
5.10%
Short Interest
5.92%
Market Cap
$6.92B
This was in a horizontal trading zone/rectangle/that broke to the downside.
Some would use the pole and extend it from the point of the break to the downside to calculate targets.
This just looks cheap/undervalued to me, but even dirt can get cheaper. I do see that growth is flat over the last 4 quarters.
It just seems auto parts would be a good sector if we are in or going in to a recession(I'm confused on whether we are in a recession or going in to one, or what???? It just seems new car purchases would decrease with the iffy economy and folks would have their old car fixed or maintained.
No recommendation.
AAP seems to have always struggled compared to some of it's competitors.
EPS (FWD)
10.96
PE (FWD)
10.72
Div Rate (FWD)
$6.00
Yield (FWD)
5.10%
Short Interest
5.92%
Market Cap
$6.92B