Decent risk reward to first PT. Trend is now technically down on weekly. I was conservative with the first PT. I actually think it's likely to test significantly lower.
Are we ready to bounce with this solid company? Cars are more reliable but they do keep breaking. Did the insider sales help the selloff? If it breaks the trend line significantly I'll look at it for deep dip buy opportunities.
I don't do advice.
Never looked at auto zone till today. What the fck is this shyt lol. Probably a stock these btch azz old heads are hidin in as they wait for the market to do somethin. Thinking 2000 by mid may is gonna happen. No need to hedge cause aint no one fckn buying up here haha!
The stock market keep falling yesterday yet there is still some companies who saw gains. Autozone (AZO) is one of those companies.
Azo is my stock pick for today. I am simple playing vanilla breakout strategy here.
Buy above yesterdays close and if market does not gap down.
Stopout: 2015.40
Target: 2450
The PEAD projected a Bullish outlook for $AZO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 84.62%.
Autozone will likely see some significant downward movements in the coming months, as there are several factors that are applying headwinds for the business. This includes higher commodity prices, lower consumer purchasing power, and higher employee costs which will put substantial pressure on both the top and bottom lines.
Additionally, AZO has high debt...
This is quite a bit past long entry level and AZO must have beat earnings. Perhaps if you are already in this it could help, or when a pull back occurs, you wish to get in, this chart could be helpful.
The target is D. The AB leg is used to calculate targets. The CD leg can be shorter than the AB leg, the same length, or longer or an extension of the AB leg.
...
NYSE:AZO triggered a spike alert this morning on earnings announcement. Price action is at a support and worth a buy to play back to the top of the range and beyond.
As an aside, used car prices have increased dramatically in the last few months due to the shortage of new car inventory coming to market. Some of this is due to material costs and companies like...
bullish falling wedge here, I like the postures of the indicators and the price action not too mention the way the price action compliments the trend lines. short term long position, I wouldn't hold this past today
If any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area...
William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is under 70, so the stock is not overbought.
Candlestick patterns : there are three white soldiers which are a bullish...
NYSE:AZO is at an all time high. It broke above the resistance level on volume.
A buy at current level, with a stop at $1250; a wide stop, adjust trade size according to your #riskmanagement plan.
AutoZone, Inc. engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers. The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.
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