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Bullish Moving Average Cross by AutoZone (AZO)

By Amy Schwartz

Today, shares of AutoZone (NYSE:AZO) have crossed bullishly above their 10-day moving average of $611.50 on a volume of 117K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of AutoZone have traded between a low of $573.80 and a high of $819.54 and are now at $617.35, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of AutoZone on January 19th, 2017 by issuing a Downtrend alert when the shares were trading at $771.74. Since that call, shares of AutoZone have fallen 21.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses AutoZone

Ticker(s): AZO