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Bullish Moving Average Cross by Carmax (KMX)

By Nick Russo

Today, shares of Carmax (NYSE:KMX) have advanced above their 10-day MA of $53.16 on a volume of 560K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Carmax have traded between a low of $41.25 and a high of $73.76 and are now at $53.44, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend is monitoring the recent change of momentum in Carmax. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Carmax in search of a potential trend change.

Keywords: moving crosses CarMax

Ticker(s): KMX