Replacement parts retailer AutoZone (AZO) has been one of the world’s best-performing single stocks in the 33 years since its 1991 IPO, but has been range-bound over the past nine months, underperforming its industry (non-native) by a wide margin. consumer staples), also underperformed the market. Based on our work, the opportunity now is to buy AutoZone as a “catch-up” trade for a breakout of the troubled range since March. We are buyers here to break out of a new 52-week high… We are buyers here to break out of new all-time highs… -Carter Braxton Worth delivers actionable advice via email and nightly live video , become a member atworthcharting.com Disclosure: (None) All opinions expressed by CNBC Pro contributors are theirs alone and do not reflect the opinions of CNBC, NBC UNIVERSAL, its parent or affiliates, and may have been previously published by them at Television has spread, radio, the Internet or other media. The above is subject to our Terms and Conditions and Privacy Policy. This content is for informational purposes only and does not constitute financial, investment, tax or legal advice or a recommendation to purchase any security or other financial asset. The content is general in nature and does not reflect any individual’s unique personal circumstances. The above may not apply to your particular situation. Before making any financial decisions, you should strongly consider seeking advice from your own financial or investment advisor. Click here to view the complete disclaimer.
