Is it time for a more meaningful pull back for AZO?
With a sharp sell off on more than double the average volume as well as coming off a double top and momentum and strength coming out of the stock, AZO maybe in for a reversal and a more meaningful retracement. However at the moment AZO is sitting on plenty of support I would need confirmation of a break in support to put on a short position. If that happens all of my edge is in place and my first downside target would be around 985 the next support level. After that a 50% retracement from the highs or down to the longer trendline become more probable
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