Vroom! Autozone Jumps the Gap (AZO)

Chip Anderson
by Chip Anderson,
Ditc20090303


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After gapping down during December and January, AutoZone gapped up significantly in mid February and zoomed upwards today hitting a high of 157 at one point.  So why is the Chaikin Money Flow not zooming upwards as well?  The CMF gave a big "sell" signal today because the stock closed well below the mid-point of today's candle and thus the CMF considers most of today's huge volume spike to be "selling" volume.  Will this become another case of "all gaps must be filled?"

Chip Anderson
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