Chart of the week
Date: 06/01/2010
Symbol: CASY
Company Profile: AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories. Its stores offer various products primarily to do-it-yourself customers for use in cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.
Sector: Services
Industry: Auto Parts Stores
TRADING PLAN
Entry price: long above: 37.02
Stop price: stop under: 36.75
Target: 38 - 40 areas
Chart explanation: CASY generally holding much better then overall market. Also CASY forming daily flag pattern with continuation pattern and 15 min base. Because of that CASY can be used as day trade and as swing trade. It will depend on breakout action and volume.
If anyone will have any question please feel free to contact me.
Wish you all good trading!!!
Kind regards
Ivica
http://www.xpertstocktrader.com/
