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)