CarMax, Inc. ( $KMX )- stock is trading under 100 dollars as of July 15th , 2019 and offering a possible buying price between $88.74 – $93.18. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a great breakout back in end of Mach. The volume was rock solid.
3. The stock had a quick, but a nice run after that.
4. The stock consolidated for few weeks after that, but still managed to post small gains.
5. The stock had an another nice run after breaking out from the consolidation.
6. The stock found support at the key 50 day moving average line since the March breakout.
7. The accumulation volume was also rock solid and heavy, as well.
8. The stock is offering a possible buying price between $88.74 – $93.18 with a stop loss at $ 81.64.
