Top 9 Stocks to Trade This Fall
OptionsZone Experts, September 4, 2009
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AutoZone (AZO)
By Chris Johnson and Jon Lewis
Cooler weekends mean driveway mechanics will be out in droves. Though the government cleared a slew of clunkers off America's roads, there are lots of cars remaining that need work. With consumers still in conservation mode, that means plenty of do-it-yourselfers will need parts and supplies from the likes of AutoZone (AZO).
After doubling from its March low to April high, the stock has cooled off, which has caused many analysts to turn their backs on the shares. That creates a low-expectation environment that we find attractive for bullish plays. With the stock returning to the long-term support of its 200-day moving average, the fundamentals remain in place to push the stock higher. AZO continues to occupy an attractive space in the retail world, and there's plenty of room on the bandwagon. Jump aboard before AZO becomes a crowded trade once again.
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