AutoZone - 52 Week High

Published on Thursday, 02 September 2010 12:34 Written by Christopher Lynn

New York, September 2nd (TradersHuddle.com) - Shares of AutoZone, Inc. (NYSE:AZO) booked a new 52 week high today by trading above $215.21, traders are definitely monitoring AutoZone's price action to see if this move attracts further buying into the stock.

AutoZone, Inc. (NYSE:AZO) is a specialty retailer of automotive replacement parts and accessories. The Company offers an extensive product line including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.

AutoZone is currently trading 1.21% versus its previous trading session close, and it has calculated support and resistance at $214.09 and $214.09 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.51% from its previous trading close, which means that AutoZone stock is outperforming the overall market.