AutoZone Booked a New High

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AutoZone Booked a New High

Published on Tuesday, 17 January 2012 14:34 Written by Danny Miller

azo New York, January 17th (TradersHuddle.com) - Shares of AutoZone, Inc. (NYSE:AZO) booked a new 52 week high today by trading above $344.44, 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 0.23% versus its previous trading session close, and it has calculated support and resistance at $313.11 and $343.90 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 0.73% from its previous trading close, which means that AutoZone stock is underperforming the overall market.

UPDATE: J.P. Morgan Lowers AutoZone's PT - Benzinga
UPDATE: AutoZone Posts Rise In Q3 Profit - Benzinga
Cramer's 'Mad Money' Recap: Game Plan for Next Week - TheStreet.com
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
6 Stocks Rising on Huge Volume - TheStreet.com
4 Retailers Hit 52-Week Highs: DKS, MW, EXPR, AZO - TheStreet.com
UPDATE: ISI Group Raises Target on Autozone to $420 - Benzinga
UPDATE: Citi Raises AutoZone's PT - Benzinga

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