Buyers Stepping In - AutoZone | Tech-Corner

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Buyers Stepping In - AutoZone

Published on Wednesday, 04 January 2012 11:38 Written by TradersHuddle Staff

azo New York, January 4th (TradersHuddle.com) - Unusual high volume detected on shares of AutoZone, Inc. (NYSE:AZO), early in the trading session. AutoZone is currently trading higher by 1.42%, so definitely the buyers stepping in, as the stock's volume is already above average.

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 has already traded 1.077 times its 3-month average volume, and has calculated support and resistance at $315.26 and $343.90 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.4% from its previous trading close, which means that AutoZone stock is outperforming the overall market.

UPDATE: AutoZone Posts Rise In Q3 Profit - Benzinga
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Analysts' Actions: AZO, BMY, LLY, MS - TheStreet.com
AutoZone Inc (AZO): Today's Featured Retail Winner - TheStreet.com
AutoZone Reaches New 52-Week High (AZO) - TheStreet.com
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UPDATE: ISI Group Raises Target on Autozone to $420 - Benzinga
UPDATE: Citi Raises AutoZone's PT - Benzinga
Stocks Waver on Weak U.S. Economic Data - TheStreet.com

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