Autozone - Barchart's Chart of the Day

Autozone (AZO) is the Chart of the Day.  The auto supply store had steady increases in revenue, earnings and price.  Since the Trend Spotter signaled a buy on 10/17 the stock is up 8.57%.


The Chart of the Day is Autozone (AZO).  I found the stock by sorting the New High List for frequency in the last month then panned through the chart using the Flipchart feature.  I picked the stock for its recent momentum.  The stock has a Trend Spotter buy, a Weighted Alpha of 25.00+ and gained 21.50% in the last year. In the last quarter while the S&P 500 Index was up 8.31% the stock was up 10.11%, that's 24.8% better than the market.

It is a specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Each of the company's auto parts store carries an extensive product line for cars, vans and light trucks, including new and re-manufactured automotive hard parts, maintenance items, and accessories. Many of the company's domestic auto parts stores also has a commercial sales program, which provides commercial credit and prompt delivery of parts and other products to local repair garages, dealers and service stations.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% Barchart technical buy signals
• Trend Spotter buy signal
• above its 20, 50 and 100 day moving averages
• 18 new highs and up 8.38% in the last month
• Relative Strength Index 68.55%
• Barchart computes a technical support level at 464.84
• Recently traded at 465.37 with a 50 day moving average of 434.51

Fundamental factors:

• Market Cap $16.53 billion
• P/E 17.24
• Analysts predict revenue will grow 3.50% this year and another 4.370% next year
• Earnigns are estimated to increase 12.50% this year, an additional 12.90% next year and continue to increase annually by 14.75% for the the next 5 years
• Wall Street analysts released 8 strong buy, 4 buy, 8 hold and an under perform recommendation on this stock
• Financial Strength is B

In the last 5 years the S&P 500 gained 101.37% while the stock gained 328.21%.  This is a long haul stock so using the price vs 100 day moving average should give you nice gains.