Autozone Inc. AZO Stock Analysis

Autozone Inc. stock trades under the ticker AZO & has recently shown technical strength that traders may want to take a closer look at.

AZO stock closed at $1,596/share on 9/15/21, after completing a bullish MACD crossover.

Autozone Inc. AZO Stock’s Technical Performance

Autozone Inc. AZO Stock's Technical Performance For The Last Year

AZO Stock Price: $1,596.72

10 Day Moving-Average:$1,549.66

50 Day Moving-Average: $1,594.55

200 Day Moving-Average: $1,390.21

RSI: 56

MACD: -9.5

AZO stock looks set to break out higher, completing a bullish MACD crossover yesterday, while also closing above both the 10 Day & 50 Day Moving-Averages.

With only 3% between their 10 Day & 50 Day MA’s, there looks to be more momentum coming in the coming days as well.

With an RSI of 56, there is still further room for Autozone’s stock to continue climbing.

The next tests should be at ~$1,600 & $1,622/share.

Autozone Inc. AZO Stock As A Long-Term Investment

AZO stock’s P/E (ttm) looks modest at 17, with no posted P/B.

Autozone’s stock does not offer a dividend to investors.

Their Debt & Cash levels are something that investors want to keep an eye on.

AZO’s Total Cash (mrq) is only $1.03B, while their Total Debt (mrq) is $8.12B.

Overall, investors may be interested in further reviewing AZO as an investment opportunity based on their portfolio needs.

Trading Autozone AZO Stock Options In The Short-Term

Short-term focused traders who wish to take advantage of AZO’s momentum may be interested in the 10/15 expiration options.

I am looking at the $1,600 calls & $1,610 calls, with $1,620 & $1,630 puts.

The Open Interest on these is currently low, which should increase as more of the weekly expiration dated options expire.

Tying It All Together

Autozone’s stock looks interesting for long & short-term traders alike.

From a long-term perspective they have a healthy P/E (ttm) which investors like.

From a short-term perspective AZO looks primed to continue climbing with their existing momentum.

All-in-all AZO stock is worth taking a look at for traders & investors of all types!


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