Top Stock #1 - Advance Auto Parts
Advance Auto Parts, Inc. (NYSE: AAP) operates more than 3,000 retail auto parts stores in about 40 states, Puerto Rico and the Virgin Islands. Sales are expected to increase 7% in 2010, following a 5.3% increase in 2009. The company said the growth is the result of 150 new stores in 2010, with increases in the average ticket, along with a continued focus on increasing commercial revenues, driving net sales results.
The stock broke from a double-top with a powerful breakaway gap following heavy accumulation. Standard & Poor's 12-month target price is $60, and that target is confirmed by technical analysis.
Sunday, June 6, 2010
Top 6 Stocks for June
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