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O’Reilly Automotive, Inc. (ORLY) uptrend could be a dead cat bounce
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Posted on 10/29/09 at 12:03pm by Mark Moneymaster
O’Reilly Automotive, Inc. (NASDAQ: ORLY) has already surged by 14.28% to $38.42 by mid-day in Thursday’s session, after O’Reilly Automotive, Inc. (ORLY) stock slipping for a few successive sessions. However, given that even that 14% recovery on Thursday has so far not been coupled with high volumes, it appears that this could be a dead cat bounce also.
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