Shares of AutoZone (NYSE:AZO) opened today above their pivot of $358.08 and have already reached the first level of resistance at $361.15. Analysts will be watching for a cross of the next upside pivot targets of $364.62 and $371.16.
Over the past year, AutoZone has traded in a range of $313.11 to $399.10 and is now at $360.80, 15% above that low. The 200-day and 50-day moving averages have moved 0.07% lower and 0.36% lower over the past week, respectively.
AutoZone, Inc. is a specialty retailer of automotive replacement parts and accessories. The Company offers an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. Autozone operates in United States and Puerto Rico, and Mexico.
AutoZone (NYSE:AZO) has potential upside of 15.2% based on a current price of $360.80 and analysts' consensus price target of $415.71. The stock should find initial resistance at its 50-day moving average (MA) of $373.57 and further resistance at its 200-day MA of $374.67.