The PEAD projected a Bullish outlook for $AZO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 84.62%.
Autozone 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...
lol reemainz best short we've probably ever seen on thu WEEKLY. most shee'z ever been over thu 200sMa on thu WEEKLY wuz 60%
before a 6-8% correction, she hit 85% friday. this bubblez goin back ta 1800 thoze 2100 PUTS r PRINTIN
our largest short iz formin right shoulder nicely 2day with market hittin ATHs. accumulation reemainz at $1900. 2020-2025
PUTS Jan 7th down to nuthing now
this garbage reemainz thu best short on thu planet over 2000, severly overdone on every level.
great hedge if u wanna be long market az well PUTS pay huge
LOL there remainz ZERO accumulation up here after yesturdayz idiotic 3% run. sittin at $1520 range. best short on thu fukin
planet currently. locked n loaded 4 next week.
lol double-checked just now, there remainz massive distribution durin this entire 10% runup thu past 2 weeks, its actually pickin up
too today. i'll be amazed if this trash dont tank in thu next 2 dayz. sumthin very wrong here havent seen a divergence this bad ever
This 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.
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NYSE: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...
