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

By James Quinn

Carmax Inc (NYSE:KMX) shares have crossed bullishly above their 10-day moving average of $55.90 on a volume of 132K 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.

Carmax Inc share prices have moved between a 52-week high of $103.18 and a 52-week low of $37.59 and are now trading 57% above that low price at $58.87 per share. The 200-day and 50-day moving averages have moved 0.88% lower and 5.18% lower over the past week, respectively.

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

Keywords: moving crosses carmax inc

Ticker(s): KMX