Could AutoZone (AZO Stock) reach the 2250 level?
|Today’s instrument is AutoZone Inc., a retailer, and distributor of automotive replacement parts and accessories in the United States traded on the NYSE exchange under the ticker AZO.
Looking at the AZO’s chart, we can see that in the past week, it has been traded between the range of $2220 and $2070 whereas currently it is traded near its low range, at around $2099.
Last night, it announced better-than-expected quarterly earnings, and today we could expect its price to test its high level of the range at around $2220, and if able to pass it, then it should reach the level of $2250.
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