Downgrade Alert for AutoZone (AZO)

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[December 06, 2012]

Downgrade Alert for AutoZone (AZO)

Dec 06, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- AutoZone (NYSE:AZO) was downgraded from Outperform to Perform at Oppenheimer today. The stock closed yesterday at $359.70 on volume of 936,000 shares, above average daily volume of 406,000. AutoZone share prices have moved between a 52-week high of $399.10 and a 52-week low of $313.11 and closed yesterday at 15% above that low price at $360.27 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

AutoZone, Inc. is a specialty retailer of automotive replacement parts and accessories. The Company offers an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. Autozone operates in United States and Puerto Rico, and Mexico.

AutoZone has overhead space with shares priced $360.27, or 14.1% below the average consensus analyst price target of $419.38. The stock should find initial resistance at its 50-day moving average (MA) of $369.64 and further resistance at its 200-day MA of $372.12.

SmarTrend is monitoring the recent change of momentum in AutoZone. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of AutoZone in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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