Autozone stock has been doing pretty good,any chance of this continuing?

Question

Autozone stock has been doing pretty good,any chance of this continuing?

Answer 1

it depends what you had bought the shares at.. I would consider selling it seems to have a downward trend...

Answer 2

Well, looking quickly at the chart, it appears AZO has been channelling all year.  The stock has stayed with the range of about 105 to 130 for the entire year.  So it certainly depends on what you mean by doing pretty good.

The better question you might ask is what patterns should I use to make good trading decisions about AZO.  OR, what technical indicators work effectively with AZO.  Both of these question answer the biggest question every trader needs to answer before entering any stock - "Why should I buy this stock?"  If you cant answer that question, then you certainly wont know how to know when to get out.

All of this are important components on any trade plan.  A trade plan helps identify Where you Are, Where you want to go and How you want to get there?  What chart patterns will you trade?  How will you use technical analysis for confirmation of those patterns.  What sector will I trade?

So, why do you want to get in Autozone?  If you can answer that question, then you'll know if it meets your needs and risk requirements.

Happy trading,

Answer 3

I like asbury automotive more, but good luck with Autozone - here are other traders at top10traders that own the stock:

http://top10traders.com/ViewHolding.aspx...