Advance Auto Parts Inc. stock trades under the ticker AAP & has recently shown bullish behavior that traders & investors should research further.
AAP stock closed at $190.73/share on 6/3/2022.
Advance Auto Parts Inc. AAP Stock’s Technical Performance Broken Down
AAP Stock Price: $190.73
10 Day Moving Average: $187.40
50 Day Moving Average: $207.46
200 Day Moving Average: $216.09
RSI: 43.14
MACD: -5.633
On Friday, AAP stock completed a bullish MACD crossover, settling above its 10 day moving average, despite falling 0.19%.
Their recent trading volumes have been slightly above average compared to the year prior, and their RSI is still on the oversold side of neutral, signaling more near-term momentum may still be to come.
They will need to break above the $194.82/share resistance level as they continue climbing higher.
Advance Auto Parts Inc. AAP Stock As A Long-Term Investment
Long-term focused investors will like AAP stock’s P/E (ttm) of 20.47, but may think that their P/B (mrq) of 3.82 is a bit high.
They recently reported 1.3% Quarterly Revenue Growth Y-o-Y, with -24.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet should be reviewed closer, with $138.73M of Total Cash (mrq) & $3.99B of Total Debt (mrq).
AAP stock pays a 2.35% dividend yield, which appears stable in the long-run as their payout ratio is 50%.
94.95% of AAP stock’s outstanding share float is owned by institutional investors.
Advance Auto Parts Inc. AAP Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options in order to hedge against volatility, while profiting from movements in AAP stock in any direction.
I am looking at the contracts with the 6/17 expiration date.
The $175, $180 & $185 calls all look appealing, and have 1,421 outstanding contracts between the three strike prices.
The $210, $200 & $195 puts also look interesting, but are a bit less liquid, with only 1,148 contracts between the 3 strikes.
Tying It All Together
AAP stock is worth taking a closer look into to see how it fits into your portfolio strategy.
Investors will like their dividend yield & valuation metrics, but may want to look closer into the structure of their balance sheet.
Traders will like their current technicals, but may wish that their options were a little more liquid.
Overall, it is worth seeing how AAP stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF AAP STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***