$AZO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:AZO after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
0.79 BRL
13.63 B BRL
94.69 B BRL
About AutoZone, Inc.
Sector
Industry
CEO
Philip B. Daniele
Website
Headquarters
Memphis
Founded
1979
ISIN
BRAZOIBDR000
FIGI
BBG00P14JP62
AutoZone, Inc. engages in the retail and distribution of automotive replacement parts and accessories. It operates under the Auto Part Stores and Other segments. The company was founded by Joseph R. Hyde, III on July 4, 1979 and is headquartered in Memphis, TN.
AutoZone (NYSE: $AZO) Set for Q3 Earnings Report Before the BellAutoZone, 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 auto
AutoZone in the ZoneFundamentals aside, NYSE:AZO price chart is showing the 2,740 2,800 zone as a respected support. Stock price has been around the 200 EMA D (55 EMA W) zone for 20 days while it went into an increasing negative momentum. Now the strength of the down trend started to fall as it looses negative moment
AZO potential Buy setupReasons 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 P
AZO in a long-term uptrendhi traders,
AZO has been in a long-term uptrend. The price retests the upsloping support again. It may be a great opportunity to buy AZO and play the trend continuation.
The trend is up and the trend is your friend until the end.
The target for longs: the upsloping resistance of the channel.
Good
AZO - it may not come back to the support levelFirst thing first, just because someone introduced you a stock, it does not mean you have to BUY. WHY must you follow others' portfolio to a T? Everyone's financial objectives are different, with different time frame, expectations, risks tolerance, etc.
DYODD - are you familiar with the business ?
AZO: My Technical ViewAutozone 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.
Buy AZO at 2642Car manufactures are backing down on the EV push.
So ICE base cars will be around longer than expected.
AZO solid earnings, profits, and extensive share buy back approach.
PE around 19.
Earnings tomorrow.
15 % Net Income Ration
AZO AutoZone Options Ahead of EarningsAnalyzing 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 earn
1.5:1 head and shoulders autozonereasonable clean 15 minute pattern
1.5:1 head and shoulders autozone
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.