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AUTOZONE INC
(AZO-NYSE):
Technical Viewpoint: From a low
of $64.48 on Mar 2, 2002 prices
rallied, reaching a
high of $80.00
on Apr 26, 2002. A
decline saw prices pull back, reaching a
low of
$72.20 on May 21, 2002.
Another rally saw prices penetrate
resistance, closing 6/6/02
at $81.71. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 5, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $75.00. Resistance: Is at $83.44.
Point & Figure: Reversed to the upside on Jun 6, 2002. A P&F upside
reversal takes place at $79.00. Summary: Technical indicators have turned bullish. BUY! AUTOZONE INC
(AZO-NYSE) @ $82.13 Stop: Use a protective stop of $79.13.
AUTOZONE INC is currently trading @ $81.71 plus $1.04 on Jun 6, 2002. Price Objective:
$94.00. Risk/Reward: $3.00 VS. $11.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$94.00
Risk/Reward:
$3.00 VS. $11.88
Risk/Reward Ratio:
4:1
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