Stock pick for 12/13/2011
ORLY - long
Technical view: ORLY formed on the daily time frame continuation pattern and it is one of my favor patterns. Result with intraday consolidation after Friday move up. We can say that for now ORLY is “own way” chart because there was no reaction on Monday weakness. ORLY has room for equal move (blue lines on the chart) and move to $85 area and because of that I will use it for target. Trading plan is simply but also I will look to move stop under 20sma 15 min if will be setup before any intraday pull back.
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