Zacks.com Announces That Price Headley Highlights the Following Stocks: AutoZone, Johnson & Johnson, Merrill Lynch, Infosys, and State Street Business Wire - April 22, 2004 06:00
Buy the AutoZone (NYSE:AZO) May 85 put at 3.40 or lower. AutoZone shares had found some support at the 82 level in March, but when the 200 day line was retested after that, AZO got pushed lower. The sell signal, though, is the bearish MACD cross-under. Autozone is a leading specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers.