Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: AZO stock added more than $1 to its trading price on the August 18 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>In the 52-week time frame, AutoZone, Inc. stock traded at $2750, and its lowest trading price was $2050.21.</a> </li> 
 <li> <span>3</span> <a>AZO stock might face immediate resistance of $2496.95 and the next possible resistance of $2537.61.</a> </li> 
</ul> 
<p>NYSE: AZO stock added more than $1 to its trading price on the August 18 trading session; it opened trading at $2455.86, lowering to $2450.42 it hit a high of $2482.95 and closed trading at $2458.39 with an intraday trading volume of 221.919k.</p> 
<p>In the 52-week time frame, AutoZone, Inc. stock traded at $2750, and its lowest trading price was $2050.21. AZO stock may open a few percent below its previous closing price.&nbsp;</p> 
<p>As per available data, AutoZone, Inc. has a market capitalization of $44.634 Billion, and its share average trading volume is 128.988k. Despite this surge, AZO stock slipped 2.83% in a month and over 7% in a quarter.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-azo-stock-price-analysis-strong"><strong>AZO Stock Price Analysis&nbsp;&nbsp;</strong></h2> 
<p>In the last trading session, many buyers were seen as aggressive, which helped AZO stock to remain constant at its position. From August 15 to August 17, major selling activities were observed, which dragged the price downward.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/ngXZ7ouJ5Z6vEfD_80wXS_IFxXbc90rOZiKZ83C_mRLAs5gQ19tTLiS1gP5iA4AezaA4sHjeuwW_efsdPzx9X3HOEmEku-cHtQYtPsQrsTCfeklm0xbGuTM6buUebAN3bEVPcmpAwhvNQ-4eD8MRt44" alt="AZO Stock Trading Below 200 Day EMA; Added $1 Intraday&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: AZO stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>According to market analysts, the annual price target of AZO stock is $2786.86, which is around 13% greater than the stock’s current trading price. If buyers continue their dominance over sellers in the coming session, AZO stock might face immediate resistance of $2496.95 and the next possible resistance of $2537.61.&nbsp;</p> 
<p>If buyers fail to establish their positions, AZO stock price might fall further and face immediate support of $2408.12 and the next possible support of $2357.83.&nbsp;</p> 
<p>At press time, AZO <a href="https://www.thecoinrepublic.com/2023/07/21/amazon-stock-nasdaq-amzn-slipping-gains-ahead-of-q2-results/" rel="noopener noreferrer nofollow">stock </a>prices were trading below 50-day and 100-day exponential moving averages, while at the same time, prices were above 200-day EMA.&nbsp;</p> 
<p>According to TradingView, 18.09 Million AZO shares are free-floating, and the remaining 65.616k shares are closely held by the company’s financial backers or the board of directors.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-autozone-inc-earning-revenue-strong"><strong>AutoZone, Inc Earning &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 &amp; Q2 2023, AutoZone, Inc. generated 3.12% and 3.69% more revenue than estimated figures. In Q1, the company was supposed to report $3.86 Billion in revenue; similarly, in Q2, the company was supposed to report $3.56 Billion.&nbsp;</p> 
<p>Despite surging earnings in Q1 &amp; Q2, revenue in Q3 declined, and in the same quarter, the company was expected to report $4.12 Billion in revenue, but it reported $4.09 Billion. As per analysts, in the last quarter of 2023, the company might report $5.63 Billion in revenue.&nbsp;</p> 
<p>In all three quarters of 2023, AutoZone, Inc. earnings per share reflected impressive growth in Q1 EPS surged by over 8%, similar to Q2, it rose over 12%, and in Q3, the reported EPS was 8.29% more than the estimated EPS.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<ul> 
 <li>Major support: $2408.12 and $2357.83</li> 
 <li>Major resistance: $2496.95 and $2537.61</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h5> 
<p>From August 15 till August 17, sellers’ dominance was seen, pushing AZO stock price downward. Moreover, on August 18, the stock price moved in the upper direction but with a nominal speed. After analyzing the technical aspects of AZO stock, it is noted that by the end of the ongoing week, the stock price might start moving toward its nearest resistance.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AZO Stock Trading Below 200 Day EMA; Added $1 Intraday

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Thecoinrepublic.com

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