O''Reilly Automotive is currently forming an ascending triangle pattern, a bullish continuation setup that signals upside in shares. The pattern is formed by horizontal resistance above shares -- at $255 in this case -- and uptrending support to the downside. Basically, as O'Reilly has been setting up this price setup, shares have been bouncing between those two...
We've seen a up trend until 9/18/2014. I think this is short term and we could see a new high