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AUTOZONE INCAUTOZONE INCAUTOZONE INC

AUTOZONE INC

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AZO trade ideas

Autozone - Pain IncomingAutozone will likely see some significant downward movements in the coming months, as there are several factors that are applying headwinds for the business. This includes higher commodity prices, lower consumer purchasing power, and higher employee costs which will put substantial pressure on both the top and bottom lines. Additionally, AZO has high debt (including a current ratio under 1) while moving into a higher rate environment - meaning that they will have a higher cost to service any new and existing debt. On top of this, high gasoline prices will either cause people to utilize their car less, or will further reduce consumer savings all of which will make people move away from pulling the trigger on costly auto repairs.
NYSE:AZOShort
by chuckk555
1
ABC BullishThis is quite a bit past long entry level and AZO must have beat earnings. Perhaps if you are already in this it could help, or when a pull back occurs, you wish to get in, this chart could be helpful. The target is D. The AB leg is used to calculate targets. The CD leg can be shorter than the AB leg, the same length, or longer or an extension of the AB leg. Price is outside the top bollinger band with the moving average on 20. It is still within the bands on this chart which has a moving average of 80. It is not quite overbought on daily, weekly or monthly with RSI set on 80 verses 70. NV is high. Possible stop below C or last pivot low. No recommendation. It is often when one is winning that they are more susceptible to mistakes.
NYSE:AZO
by lauralea
Autozone Post EarningsNYSE: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 Ford NYSE:F have been reported to be having backlog due to computer chip shortages. These market forces are compounded by inflation.
NYSE:AZOLong
by norok
Get in the Zone: the Lotto ZoneIf 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 of support to work off of. Some solid indicators are saying this is well over-bought and flashing the sell signal. This means we may have reached the peak of it's new consolidation area and will begin grinding down to find the bottom. Thankfully we have a triple-top to tell us where that bottom will ultimately be. Options are expensive for shares this pricey, and bid-ask spread is huge, so maybe just an old-fashioned short is your ticket.
NYSE:AZOShort
by PreferredStonk
AZO Long William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend. RSI : the line is under 70, so the stock is not overbought. Candlestick patterns : there are three white soldiers which are a bullish confirmation. Overall : it can be interesting to take a buy position because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
NYSE:AZOLong
by lena_vf
V BottomLong entry 1274.55, Targets 1 are 1638.5 1736.8 Targets 2 are 2023 to 2229 V bottom with a flag like handle.. AZO missed revenue on 12-10. Didnt seem to affect the chart drastically.. Earnings in March.. A V bottom does not necessarily have a handle for support but AZO has formed a handle like structure that looks like a long flag. There is also a V Cup and Handle Pattern There are no rising wedges in the yearly chart (I was surprised). NV and obv are high on hourly, mediocre on daily. Short interest is low at 2.28%. Monthly candle is a bullish hammer. Long term uptrend..not easy to change a trend (o: Not a recpmmendation
NYSE:AZOLong
by lauralea