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Copart(CPRT - Get Report) is a provider of online auctions and vehicle remarketing services in the U.S., Canada and the United Kingdom. This stock is trading up 1.9% at $25.10 in recent trading.
Today's Volume: 510,000
Average Volume: 480,952
Volume % Change: 58%
From a technical perspective, CPRT is bouncing notably higher today right off some previous support at $24.60, and right at its 50-day moving average of $24.82 with above average volume.
Traders should only consider long-biased trades in CPRT as long as it's trending above its 50-day with strong upside volume flows. Look for CPRT to close near its daily highs today to confirm that it wants to continue its bounce. If we get that action, then look for CPRT to make a run at $26 to $27 in the near-term.
I would avoid any long trades in CPRT if it moves back below $24.60 with heavy volume.
Copart shows up on a list of
10 Small-Cap Stocks Safe for Skittish Investors.