LKQ Earnings on July 28th, 2016

Tomorrow is a huge day for LKQ Corp. This has been a hot stock on our radar for several years. We even suggested buying back in late 2010 before it broke out. Since October of 2013 the stock has been range bound between $24 and $34 a share. Every time it reaches one end of the range it bounces around to the other end. An almost three year consolidation is very unusual but potentially very profitable. Below you will see the chart for LKQ over the last five years: Notice the “train track” range between $24 and $34. Also notice...