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Bullish Moving Average Cross by Carmax Inc (KMX)

By David Diaz

Carmax Inc (NYSE:KMX) shares have crossed bullishly above their 10-day moving average of $83.42 on a volume of 419K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Carmax Inc has traded in a range of $55.24 to $87.47 and is now at $84.16, 52% above that low. The 200-day and 50-day moving averages have moved 0.11% higher and 0.76% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Carmax Inc on March 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.04. Since that recommendation, shares of Carmax Inc have risen 29.0%. We continue to monitor KMX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses carmax inc

Ticker(s): KMX