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TimerFrank
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Frank started market timing in 1982 when the Federal Reserve cut interest rates and sparked the 1980’s bull rally. Realizing that this rally could have been forecasted, he began to search for indicators which had similar forecasting ability. Within a year, his first newsletter was launched,... More
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  • No Stopping Autozone Inc (NYSE: AZO)? 0 comments
    Nov 15, 2010 5:02 PM | about stocks: AZO

    November 16, 2010

    Shares of the Autozone Inc (NYSE: AZO) have not suffered through a correction since the summer of 2009. And that was a very mild one.

    Autozone is a retailer and distributor of automotive parts and accessories. At the end of fiscal 2010, the company operated 4,389 domestic stores in the United States (U.S.) and Puerto Rico, and 238 stores in Mexico.

    With seemingly unstoppable uptrend, this is a stock to buy at any time but with a trailing stop. In this case, there is good support at about $232.00 which is the low reached in October and also the 200-day rising moving average.

    For traders that buy news highs, there is a buy signal almost every day with Autozone.

    The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does not hold a position in the Autozone.



    Disclosure: The Fibtimer.com (www.fibtimer.com) Stock Timing Strategy does not hold a position in the Autozone.
    Themes: autozone, Autozone Inc , AZO, market timing, fibtimer.com Stocks: AZO
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