18th Aug 2011–AutoZOne is on fire sale.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		290.00		295.10

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Daily chart shows that it hit the resistance at 50MA line.
2. Previous bad downturn of market has made its daily 20MA to down cross the 50MA and 100MA lines.
3. Weekly chart shows that its MACD is on the downtrend.

 

Lesson Learnt:

 

1. This is another strong stock. Be careful and ready to cover anytime. It can just go up when market is bullish.
2. It is going to report quarter report in 20th Sept.
3. Weekly chart shows that the price is still resting on its weekly 20MA line. Be careful!

 

Intraday Chart

Historical Chart