The Hourly View for AZO
At the time of this writing, AZO (Get Ratings)’s price is up $10.75 (0.73%) from the hour prior. This is the 2nd hour in a row AZO has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on AZO; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Out of Retail stocks, AZO ranks 1st in regards to today’s price percentage change.
AZO’s Technical Outlook on the Daily Chart
At the time of this writing, AZO’s price is up $21.64 (1.48%) from the day prior. AZO has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Autozone Inc’s price action over the past 90 days can be seen via the chart below.
Want More Great Investing Ideas?