When Autozone (AZO) Moves Investors should Listen

Source: Stock Traders Daily

Longer Term Trading Plans for AZO
  • Buy AZO slightly slightly over 2040.50 target 2207.97 stop loss @ 2034.61 Details
  • The technical summary data tells us to buy AZO near 2040.50 with an upside target of 2207.97. This data also tells us to set a stop loss @ 2034.61 to protect against excessive loss in case the stock begins to move against the trade. 2040.50 is the first level of support below 2082.64 , and by rule, any test of support is a buy signal. In this case, support 2040.50 would be being tested, so a buy signal would exist.

  • Short AZO slightly under 2207.97, target 2040.50, stop loss @ 2214.35 Details
  • The technical summary data is suggesting a short of AZO as it gets near 2207.97 with a downside target of 2040.50. We should have a stop loss in place at 2214.35though. 2207.97 is the first level of resistance above 2082.64, and by rule, any test of resistance is a short signal. In this case, if resistance 2207.97 is being tested, so a short signal would exist.

Swing Trading Plans for AZO
  • Buy AZO slightly slightly over 2139.92, target 2207.97, Stop Loss @ 2133.74 Details
  • If 2139.92 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2139.92, with an upside target of 2207.97. The data also tells us to set a stop loss @ 2133.74 in case the stock turns against the trade. 2139.92 is the first level of resistance above 2082.64, and by rule, any break above resistance is a buy signal. In this case, 2139.92, 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 2139.92, target 2067.46, Stop Loss @ 2146.1. Details
  • The technical summary data is suggesting a short of AZO if it tests 2139.92 with a downside target of 2067.46. We should have a stop loss in place at 2146.1 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, 2139.92, 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 slightly over 2127.35, target 2139.92, Stop Loss @ 2122.39 Details
  • If 2127.35 begins to break higher, the technical summary data tells us to buy AZO just slightly over 2127.35, with an upside target of 2139.92. The data also tells us to set a stop loss @ 2122.39 in case the stock turns against the trade. 2127.35 is the first level of resistance above 2082.64, and by rule, any break above resistance is a buy signal. In this case, 2127.35, 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 2127.35, target 2073.40, Stop Loss @ 2132.31. Details
  • The technical summary data is suggesting a short of AZO if it tests 2127.35 with a downside target of 2073.40. We should have a stop loss in place at 2132.31 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, 2127.35, 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 September 23:

Term →Near Mid Long
Rating Weak Weak Strong
P1 0 0 2040.50
P2 2073.40 2067.46 2207.97
P3 2127.35 2139.92 2361.87

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AZO Long Term Analysis for September 23 2022


AZO Swing Trading Analysis for September 23 2022


AZO Day Trading Analysis for September 23 2022

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Autozone (NYSE: AZO) report below is a real world example. Included are trading plans for AZO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports