AutoZone, Inc. (NYSE: NYSE:AZO ), the leading auto parts and accessories retailer, is set to report its third-quarter results today, Tuesday, September 24th, 2024, before the market opens. Investors and analysts alike are closely watching for key insights into the company’s performance, as the automotive retail sector braces for a pivotal earnings season....
Reasons for bullish bias: - Price bounce from channel support - Weekly hammer candle at support - Price bounced from horizontal support - No divergence - Positive Earnings Here are the recommended trading levels: Entry Level(CMP): 2817.00 Stop Loss Level: 2702.50 Take Profit Level 1: 2985.48 Take Profit Level 2: 3177.38 Take Profit Level 3: Open
AAP on a 240 minute chart has completed a Fibonacci retracement of the previous trend down which covered April to October 2023. Support was retested for a month or so. The retracement starting in December is now to the standard level and price is being rejected there. The faster RSI topped out at 65 while the slower RSI line ( black ) never got over 50. As...
Autozone has been in a clear uptrend since March 2021 and I'd see this uptrend continue after possible pullbacks. Areas plotted to look out for, duplicated trend lines expected to work as S/R zones, combined with daily and weekly MAs to be used as S/R confluences.
Analyzing the options chain and the chart patterns of AZO AutoZone prior to the earnings report this week, I would consider purchasing the 2500usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $60.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...
ZO is within an up channel on this hourly timeframe Another up trend is present within this channel, showing possible support for price nearing. Im bullish.
The stock market keep falling yesterday yet there is still some companies who saw gains. Autozone (AZO) is one of those companies. Azo is my stock pick for today. I am simple playing vanilla breakout strategy here. Buy above yesterdays close and if market does not gap down. Stopout: 2015.40 Target: 2450
NYSE:AZO triggered a spike alert this morning on earnings announcement. Price action is at a support and worth a buy to play back to the top of the range and beyond. As an aside, used car prices have increased dramatically in the last few months due to the shortage of new car inventory coming to market. Some of this is due to material costs and companies like...
If any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area...
We see fakey pattern at daily demand zone. It can be true time for longs.
I primarily use TDAmeritrade's thinkorswim platform to trade and I am starting to notice that their intraday data integrity is far better than Tradingview. I use thinkorswim to generate my morning alerts for "spikes" and the bars in the platform are very different from TV. Regardless, the number of alerts this morning gives me a hint that the market is getting a...
AEP, AZN, AZO, BHP, BMY, CAG, CPB, CVS, ES, ETR, GPC, HRL, HUM, K, KMB, MMC, OMC, RIO, SO, SYY, TGT, TSN, VMC, WEC
Since IV is extremely high on AZO I put a credit spread on 1.52 credit collected 1270/1280 0.11/0.09 EXP Jan 17 Looks good I just wanna collect $75 out of this 50% of the spread credit. Low risk trade + earnings makes it somewhat more risky. Max loss will be $200 if it turns against me somehow blasts off to the moon.
YES! REAL-TIME! STOP RELYING ON SCAMMERS TODAY! ORLY STRONG BUY SINCE $58. AUTOZONE STRONG BUY SINCE $356 IT'S TIME TO GET RETIRED!
AZO Has the appearance of having completed its leg up, and still has room to move downward toward 888 area in my opinion. Below are multiple timeframe looks at possibilities of this look like. Weekly chart would appear to be presenting AZO in a possible first wave in a longer term view. On the daily, printed a big fat huge bearish engulfing candle last Friday....
AZO is long term upward channel breakdown short setup. Look for a break below 1087.47.Target 996.85, Stop 1138.65. Could consider September 1080 Puts (currently $33.70)
AZO is approaching our first support at 795.92 (horizontal overlap support, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 893.64 (horizontal swing high resistance). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.