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CARMAX INC
(KMX-NYSE):
Technical Viewpoint: From a low
of $20.65 on May 22, 2003 prices
rallied, reaching a
high of $32.00
on Jun 17, 2003. A
decline saw prices pull back, reaching a
low of
$27.84 on Jun 25, 2003.
Another rally saw prices penetrate
resistance, closing 7/11/03
at $34.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 12, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 11, 2003. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! CARMAX INC
(KMX-NYSE) @ $35.63 Stop: Use a protective stop of $33.63.
CARMAX INC is currently trading @ $34.45 plus $2.76 on Jul 11, 2003. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $12.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $12.38
Risk/Reward Ratio:
6:1
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