Last update on AZO I pointed out that the price was butting against the upper trendline. It has since backed off and is now entering a critical support line. If AZO can break below 374.51 with some conviction (volume), we may see a gap fill all the way down to 369. If we get to 369, I will cover my short for the day and look to get back in on a pullback. If it...
AZO is approaching its' down sloping trend line on divergence in the technical indicators. Both the MACD and RSI have created new highs, while the price action has failed to reach new highs. The stochastic indicator has shown negative divergence on this recent move up. The key level here is 390. If AZO is going higher it is going to have to maintain support...
Azo has been holding in like a champ. If it holds this breakout it could go and test the 397 level.
AZO is down on the day while the overall market is up 3%. Over the long haul, AZO has tremendously outperformed the market, however, with recent chunks of insider sales just above current prices and with this stock at fairly lofty valuation levels, perhaps there is a chance that this stock gets tested to see if buyers lurk underneath current prices. $300-$270...