Autozone Post Earnings

25 may 2021

AZO triggered a spike alert this morning on earnings announcement. Price action is at a support and worth a buy to play back to the top of the range and beyond.

As an aside, used car prices have increased dramatically in the last few months due to the shortage of new car inventory coming to market. Some of this is due to material costs and companies like Ford F have been reported to be having backlog due to computer chip shortages. These market forces are compounded by inflation.