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JimVanMeerten (61.86)

Autozone is a buy

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September 16, 2011 – Comments (1) | RELATED TICKERS: AZO

Today I added Autozone (AZO) to the Barchart Van Meerten New High portfolio for very positive price momentum.

Barchart technical indicators:

1 - 100% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 18 new highs and up 14.75% in the last month

5 - Relative Strength Index 77.81% and rising

6 - Barchart computes a support level at 325.23

7 - Recently priced at 330.15 which is above its 50 day moving average of 297.74

Jim Van Meerten is a Marketocracy Master

1 Comments – Post Your Own

#1) On September 18, 2011 at 9:56 AM, vnathan72 (< 20) wrote:

This is good for a short term earnings play.  Get the October $340 calls at 7 or better.

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