Autozone earnings just dropped and the stock dumped 11% down to around $3000. I view this as a buying opportunity. There are several supports along this level, namely the weekly and monthly moving averages. RSI is also oversold at 27.
[AZO at 200 weekly MA](https://preview.redd.it/mcis7l1v2i3h1.png?width=1851&format=png&auto=webp&s=ec0a9dd9e709d46bcf91ceb98c79734a97bb1ddc)
[AZO at 50 monthly MA](https://preview.redd.it/9nd2i5213i3h1.png?width=1852&format=png&auto=webp&s=fc483bdc3e1285fac22f6965385f278e9c4ed92b)
My plan:
Cut losses at $2950
Potential take profit #1: $3200
Potential take profit #2: $3240
Potential take profit #3: $3300
Greedy take profit: $3400 (around daily MAs)