Intermediate Trade: AutoZone

It's ugly chart week here at Real Money Pro and the next awful one is from AutoZone, Inc. (AZO) . After creating a ton of wealth this stock has been getting consistently killed, falling from $700 to near $500. I believe the AZO will get to $500 probably by the end of next week, although that move might be slow.

Currently, I can buy the July 500-480 put spread for less than $4.50. That is a pretty decent price given the trajectory of the entire auto group, which needs to consolidate. This group will continue to die until it does so....35 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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