The Chart of the Day is Advanced Auto Parts (NYSE:AAP). I found the stock by sorting the All Time High List for the best technical buy signals then used he Flipchart feature to review the charts. Since the Trend Spotter signaled another buy signal on 10/20 the stock gained 3.50%.

Advance Auto Parts, Inc. is a specialty retailer of automotive parts, accessories and maintenance items to `do-it-yourself` customers.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 11.04% in the last month
• Relative Strength Index 68.11%
• Barchart computes a technical support level at 138.57
• Recently traded at 144.46 with a 50 day moving average of 134.96

Fundamental factors:

• Market Cap $10.54 billion
• P/E 20.86
• Dividend yield .17%
• Revenue expected to grow 52.10% this year and another 2.30% next year
• Earnings estimated to increase 44.70% this year, an additional 12.20% next year and continue to compound at an annual rate of 16.60% for the next 6 years
• Wall Street analysts issued 6 strong buys, 6 buys and 13 hold recommendations on the stock

Since the 50 - 100 day MACD Oscillator has been the best technical trading strategy for this stock I'd suggest you use that indicators as an exit point.