Today’s instrument is Carmax Inc.‘s stock traded on the NYSE exchange under the ticker KMX.
When we look at the KMX ‘s chart, we can see it’s been trading in a channel for the past week between support of $95 and resistance of $103, with no notable moves to either breakout or breakdown. It was last found trading in the $90.16 range.
Today we can expect a move towards and above the $103 closest resistance level.
If however, it doesn’t manage to hold on to the current level then a move towards the $95 closest support level can be expected.
(Click on image to enlarge)
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