AutoZone Motors Higher After Q4 Report

AutoZone Inc.

shares are trading higher by $14 at $788.57 in Tuesday's session. The catalyst for the rally is a Q4 beat of $0.15 with a slight revenue beat. After a higher open, it retreated but found support well above Monday's close ($774.57), only reaching $778.06, before continuing its move higher. The ensuing rally has found resistance beyond its December 11 high ($790.74), but well ahead of its all time high from that was made on November 6 at $803.26. Its all time closing high was made on that same day at $797.29.