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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$93.00
Risk/Reward:
$2.75 VS. $13.38
Risk/Reward Ratio:
5:1
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