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Will_Wong

AZO: An earning beat but a sales miss caused AZO to drop 10%

Long
AutoZone, Inc. (NYSE:AZO)  
Will_Wong Updated   
NYSE:AZO   AutoZone, Inc.
Wave Analysis
1
0
waveanalysis
2 days ago. I am not crazy about AZO. It has fallen twice in recent memory to HnS patterns. However, the recent fall has followed the general market with a major correction after the Jan 26 top. If the market goes on a wave 5 now and AZO follows, there is a good chance it will get to a new ATH or at least close to the previous Jan 26 top. The rewards to risk ratio is very high imo.
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