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Carmax Inc Rises 1.15% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Carmax Inc (NYSE:KMX) traded in a range yesterday that spanned from a low of $86.36 to a high of $88.03. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $87.07 on volume of 217,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Carmax Inc and will alert subscribers who have KMX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Carmax Inc share prices have been bracketed by a low of $55.24 and a high of $92.01 and are now at $87.60, 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.6%.

Keywords: rebounders carmax inc

Ticker(s): KMX