Chart of the Day: CarMax (KMX)

During the past nine months, CarMax (KMX) has formed a key level of resistance, which could lead to a breakout very soon…

CarMax (KMX) sells, finances, and services used and new cars through a chain of over 220 retail stores. As the company continues to improve the customer shopping experience and enhance its online shopping capabilities, revenue growth should follow. KMX’s temporary cost cutting initiatives should also provide relief in the near term.

Take a look at the 1-year chart of KMX below with added notations…

See chart and continue reading at STOCKNEWS.com