Carmax Inc (KMX): Price Now Near $137.34; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for KMX

At the moment, KMX (Get Ratings)’s price is up $0.46 (0.34%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

KMX ranks 18th in terms of today’s price percentage change out of Retail stocks.

KMX’s Technical Outlook on the Daily Chart

At the time of this writing, KMX’s price is up $0.34 (0.25%) from the day prior. KMX has seen its price go up 9 out of the past 10 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Carmax Inc’s price action over the past 90 days can be seen via the chart below.

KMX

For KMX News Traders

Investors and traders in KMX may be particularly interested in the following story that came out in the past day:

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