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Carmax Inc Bearish Moving Average Crossover Alert (KMX)

By Amy Schwartz

Carmax Inc (NYSE:KMX) shares have crossed bearishly below their 10-day moving average of $62.14 on a volume of 553K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Carmax Inc have traded between a low of $45.06 and a high of $77.64 and are now at $62.03, which is 38% 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 recommended that its subscribers protect gains by selling shares of Carmax Inc on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $66.50. Since that call, shares of Carmax Inc have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses carmax inc

Ticker(s): KMX