Jan. 18 at 12:47 AM
$AZO is showing some grit at the
$3,400 support level as it attempts to reverse the recent expansion-driven slide. 🛠️📉
Price closed Friday at
$3,522.02, up nearly 1.75% as it battles to work its way back toward the
$3,600 "red band". While the
$2.3B LIFO charge and rising SG&A have spooked the tape, the 20% upside to the median
$4,234 analyst target keeps the bulls interested. With earnings not until March 3rd, the short-term focus is purely on whether it can reclaim the 50-day SMA to flip the script.
Key Levels to Confirm:
🐂 Bulls: Must clear and hold
$3,605 (50-day SMA) to confirm the bottom is in and target the
$3,850 resistance cluster.
🐻 Bears: A clean break back below
$3,410 (Friday’s low) triggers a retest of the 52-week low at
$3,162.
#hovdid
