Carmax (KMX Stock) is in a downtrend
|Today’s instrument is the Carmax Inc.‘s stock traded in NYSE exchange under the ticker KMX.
Looking at the KMX ‘s chart, we can see that it is in a downtrend, and it was lastly traded at around $61.45.
In the current week, it is announcing its quarterly earnings and if the market’s anticipation is negative, then we should expect it to test its support and 52W low level at around $54.85, otherwise it could test its resistance level at around $74.
Risk warning: Trading is risky. Information presented herein, is not to be constructed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular trading strategy. Carmax’ inc. logo and any associated brand names are Carmax’ inc. trademarks. All other trademarks are property of their respective owners.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.