AUTOZONE INC
(AZO-NYSE):
Technical Viewpoint: From a low
of $64.48 on Apr 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 5/30/02
at $82.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $76.00. Resistance: Is at $83.42.
Point & Figure: Reversed to the upside on May 29, 2002. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! AUTOZONE INC
(AZO-NYSE) @ $83.13 Stop: Use a protective stop of $80.25.
AUTOZONE INC is currently trading @ $82.56 plus $1.91 on May 30, 2002. Price Objective:
$102.50. Risk/Reward: $2.88 VS. $19.38. Today's Risk Reward Ratio: 7:1
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