AutoZone Inc (AZO)

AutoZone Inc (AZO)

Postby iam802 » Thu Nov 03, 2011 9:38 pm

Image

AutoZone has been on a very strong bullish move since the financial crisis in 2008. From a low of $90 to $320+ in 3 years.

Surely, at some point the bull will be exhausted.

Currently, the chart is still showing that AZO is in bullish territory. The drop from the last 2 days did not cause a gap down in AutoZone.

However, we can see a triple top developing. And this could be a turning point for AutoZone.

Immediate support is around $320. A drop below $300 by December will confirm the bull run has ended and it may be a sharp fall given that it has run up to $300+ mark in a very short timeframe.

Notes:
- trading volume for AZO is fairly low; averaging 400k
- there’s quite a fair amount of insider selling over the last 3 days; primarily from Edward Lampert
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: AutoZone Inc (AZO)

Postby winston » Mon Mar 28, 2016 8:23 pm

Auto-parts retailer AutoZone touches an all-time high… up 15% in six weeks.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: AutoZone Inc (AZO)

Postby winston » Tue Sep 24, 2019 8:34 pm

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Alert: This Stock is a “Strong Buy”

by Louis Navellier

AutoZone (NYSE:AZO) is the largest after-market auto parts retailer in North America.

While there are plenty of e-commerce up-and-comers as well as brick-and-mortar competitors, AZO continues to dominate the sector.

As of May, AZO had 5,686 stores across the United States and Puerto Rico. And AutoZone added 35 new stores in the past year.

Source: Daily Trade Alert

https://dailytradealert.com/2019/09/24/ ... trong-buy/
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Re: AutoZone Inc (AZO)

Postby winston » Fri Dec 13, 2019 8:55 pm

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THE 'MELT DOWN' WON'T KILL EVERY BUSINESS

Today, we're looking at a business model that's great at withstanding market shocks...

As you know, we're in the late stages of the Melt Up. But the "Melt Down" is coming, too... And many companies will be in trouble when it strikes.

Others, though, are "recession proof" – folks will still need them no matter what's happening in the economy. Just look at this resilient business...

AutoZone (AZO) is America's largest auto-parts retailer, with 5,790 U.S. stores. It also sells parts online to both car owners and professional mechanics. Even in a recession, folks still need spark plugs, batteries, and oil filters...

And if they're keeping an old car alive rather than splurging on a new one, they'll buy more car parts than ever.

Sales are rising today, too... AutoZone's net sales hit $2.8 billion in the most recent quarter, up nearly 6% year over year.

AZO shares have risen 75% over the past two years, and they just hit new all-time highs. People need auto parts during the Melt Up... And they'll still need them during the Melt Down...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: AutoZone Inc (AZO)

Postby winston » Wed Jan 13, 2021 8:54 pm

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THROUGH GOOD TIMES AND BAD, FOLKS DEPEND ON THIS AUTO GIANT

AutoZone (AZO) is America's largest auto-parts retailer.

It has nearly 6,000 stores in the U.S., plus another 650 in Mexico and Brazil.

Back in March, business took a slight dip, as stay-at-home orders kept people inside and off the roads... But as restrictions loosened, they got back behind the wheel – and back to AutoZone for everything from new car batteries and windshield wipers to personalized mechanical advice.

In the most recent quarter, the company's sales hit $3.2 billion – up 13% year over year.

As you can see in the chart below, AZO is up about 60% over the past three years and recently hit a fresh all-time high. As long as people need their cars, they should keep shopping at AutoZone...

Source: Daily Wealth
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