AUTOZONE INC
(AZO-NYSE):
Technical Viewpoint: From a low
of $58.21 on Jan 27, 2003 prices
rallied, reaching a
high of $67.49
on Feb 18, 2003. A
decline saw prices pull back, reaching a
low of
$61.11 on Mar 5, 2003.
Another rally saw prices penetrate
resistance, closing 4/3/03
at $75.41. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $69.00. Resistance: Is at $80.11.
Point & Figure: Reversed to the upside on Apr 3, 2003. A P&F upside
reversal takes place at $73.00. Summary: Technical indicators have turned bullish. BUY! AUTOZONE INC
(AZO-NYSE) @ $76.38 Stop: Use a protective stop of $73.63.
AUTOZONE INC is currently trading @ $75.41 plus $3.21 on Apr 3, 2003. Price Objective:
$89.50. Risk/Reward: $2.75 VS. $13.13. 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:
$89.50
Risk/Reward:
$2.75 VS. $13.13
Risk/Reward Ratio:
5:1
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