Automotive replacement parts and accessories retailer AutoZone , one the single best performing stocks in the world since its IPO 33 years ago in 1991, has been range bound the past 9 months, substantially underperforming its sector and underperforming the market. The opportunity here and now, by our work, is to buy AutoZone as a "catch up" trade, playing for a prospective breakout from the range in which it's been mired since March.
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