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Carmax Inc Crosses Below its 10-day MA (KMX)

By Amy Schwartz

Carmax Inc (NYSE:KMX) shares have crossed bearishly below their 10-day moving average of $87.86 on a volume of 1.4 million shares. This may provide short-term investors a chance 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 $55.24 and a high of $89.40 and are now at $84.47, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

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 38.6%. 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