Our Algo Engine flagged the recent “lower high” structure in AZJ, and we’ve been highlighting the trade on the blog as one of our preferred shorts.
The stock is $0.40 lower today from last weeks $5.40 high.
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Our concern with AZJ, relates to the unsustainable payout ratio.
The downside momentum looks to be increasing for a move to the early October lows near $4.75.
AZJ
