BUY! AUTOZONE INC (AZO) NYSE

  Report No. 1608    Analysis by: Harry Aloof     SEPTEMBER 26, 2002

AUTOZONE INC (AZO-NYSE): Technical Viewpoint: From a low of $64.50 on Aug 8, 2002 prices rallied, reaching a high of $75.60 on Aug 22, 2002. A decline saw prices pull back, reaching a low of $68.55 on Sep 5, 2002. Another rally saw prices penetrate resistance, closing 9/25/02 at $79.27. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 20, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $73.00. Resistance: Is at $82.81. Point & Figure: Reversed to the upside on Sep 25, 2002. A P&F upside reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! AUTOZONE INC (AZO-NYSE) @ $79.63 Stop: Use a protective stop of $76.88. AUTOZONE INC is currently trading @ $79.27 plus $6.22 on Sep 25, 2002. Price Objective: $93.00. Risk/Reward: $2.75 VS. $13.38. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$93.00 Risk/Reward:
$2.75 VS. $13.38 Risk/Reward Ratio:
5:1
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