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Chart of the week

 

Chart of the week

 

Date: 06/01/2010

 

Symbol: CASY

 

Company Profile:  AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories. Its stores offer various products primarily to do-it-yourself customers for use in cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

 

Sector: Services

 

Industry: Auto Parts Stores

 

TRADING PLAN

Entry price: long above: 37.02

 

Stop price: stop under: 36.75

 

Target: 38 - 40 areas

 

Chart explanation: CASY generally holding much better then overall market. Also CASY forming daily flag pattern with continuation pattern and 15 min base. Because of that CASY can be used as day trade and as swing trade. It will depend on breakout action and volume.

If anyone will have any question please feel free to contact me.

 

 

 

 

Wish you all good trading!!!

Kind regards

Ivica

www.xpertstocktrader.com