Nov. 13 at 2:43 AM
$KMX is currently trading at
$34.14, significantly below its 30-day moving average (MA30) of
$42.28 and 50-day moving average (MA50) of
$48.1, indicating bearish momentum. The RSI at 26.13 suggests that the stock is oversold, which may lead to a potential reversal; however, the overall trend remains negative given the distance from the MAs.
The 60-day high of
$62.56 and low of
$30.26 shows a wide range, emphasizing volatility. A potential entry point could be around
$32.50, just above the recent low, to capitalize on a possible rebound. A stop-loss should be placed at
$30.00 to limit downside risk.
For targets, consider
$36.00 as the first target, aligning with a minor resistance level, and
$40.00 as a second target, closer to the MA30. The trade plan focuses on a short-term recovery while remaining cautious of the prevailing bearish trend.
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