Chart of the Day: CarMax (KMX) | The Mesh Report

Chart of the Day: CarMax (KMX)

Christian Tharp, CMT July 24, 2020 Comments Off on 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 – Get Rating) 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.

See chart and continue reading at STOCKNEWS.com

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