Short: AutoZone, Inc. (AZO)
From Shortex Market Letter
AutoZone, Inc. (AZO)
52wk H. 797.89 52wk L. 597.00
Mkt Cap: $16.68B, EPS: 47.21, P/E: 13.13,
Beta: 0.79
AutoZone is an auto parts retailer earnings of F/Y 3Q-17 did not impress investors despite 17% jump in net profit and 11% rise in its revenue. The culprit: tepid rise in net sale of 1.6%. Falling from high of 797.89 to (740-750) to (740-720) to (720-700) to (700-680) to (680-660) plunging (660-605). Temporary reversal from its death cross pattern (601-620) to (620-633) to (645-
660) to (665-685) followed by a plunge of 65 points to current area. Volatile.
SHORT RANGE: 623-645
COVER SHORT: 550
STOP LOSS: 669
Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, May 24, 2018