Autozone AZO Trading Report

Trading or Investing in Autozone (NYSE: AZO) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AZO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AZO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AZO too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for AZO

• Buy AZO slightly over 2202.67 target 2356.43 stop loss @ 2196.31 Details

The technical summary data tells us to buy AZO near 2202.67 with an upside target of 2356.43. This data also tells us to set a stop loss @ 2196.31 to protect against excessive loss in case the stock begins to move against the trade. 2202.67 is the first level of support below 2246.36 , and by rule, any test of support is a buy signal. In this case, support 2202.67 is being tested, a buy signal would exist.

• Short AZO slightly under 2356.43, target 2202.67, stop loss @ 2363.24 Details

The technical summary data is suggesting a short of AZO as it gets near 2356.43 with a downside target of 2202.67. We should have a stop loss in place at 2363.24though. 2356.43 is the first level of resistance above 2246.36, and by rule, any test of resistance is a short signal. In this case, if resistance 2356.43 is being tested, a short signal would exist.

Swing Trading Plans for AZO

• Buy AZO slightly over 2283.88, target 2356.43, Stop Loss @ 2277.28 Details

If 2283.88 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2283.88, with an upside target of 2356.43. The data also tells us to set a stop loss @ 2277.28 in case the stock turns against the trade. 2283.88 is the first level of resistance above 2246.36, and by rule, any break above resistance is a buy signal. In this case, 2283.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AZO slightly near 2283.88, target 2222.29, Stop Loss @ 2290.48. Details

The technical summary data is suggesting a short of AZO if it tests 2283.88 with a downside target of 2222.29. We should have a stop loss in place at 2290.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2283.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AZO

• Buy AZO slightly over 2267.40, target 2283.88, Stop Loss @ 2262.11 Details

If 2267.40 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2267.40, with an upside target of 2283.88. The data also tells us to set a stop loss @ 2262.11 in case the stock turns against the trade. 2267.40 is the first level of resistance above 2246.36, and by rule, any break above resistance is a buy signal. In this case, 2267.40, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AZO slightly near 2267.40, target 2222.29, Stop Loss @ 2272.69. Details

The technical summary data is suggesting a short of AZO if it tests 2267.40 with a downside target of 2222.29. We should have a stop loss in place at 2272.69 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2267.40, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AZO Ratings for October 12:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	2036.26
P2	2209.05	2222.29	2202.67
P3	2267.40	2283.88	2356.43

Support and Resistance Plot Chart for AZO

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