The upward trend could come to support O'Reilly Automotive in the coming sessions.
Following a bullish wave, the stock now shows a slight decline that lead towards its USD 123 mid-term support and a bullish trend. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy O'Reilly Automotive. The objectives will be set at USD 135.2. The stop loss will be triggered below the USD 123 support.
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).
O'REILLY AUTOMOTIVE, INC 
