CarMax
KMX
Real-time BATS EXCHANGE - 05/24 09:35:52 pm
66.815USD
+1.24%

The comeback of an upward trend can be anticipated

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David Meurisse
Contributor / Partner

Strategy published on : 12/01/2017 | 15:25

long trade
Stop-loss triggered

Entry price : 69.05$
Target : 75.7$
Stop-loss : 65.9$
Potential : 9.63%

The technical chart pattern of CarMax, Inc shares shows signs of a medium term reversal, which speaks in favor of opening new long positions.
Investors have an opportunity to buy the stock and target the $ 75.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.


Weaknesses

● Below the resistance at 76.81 USD, the stock shows a negative configuration when looking looking at the weekly chart.

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