How the (KMX) price action is used to our Advantage
January 22, 2025, 22:38 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KMX
- Buy KMX near 73.25 target 80.4 stop loss @ 73.04 Details
The technical summary data tells us to buy KMX near 73.25 with an upside target of 80.4. This data also tells us to set a stop loss @ 73.04 to protect against excessive loss in case the stock begins to move against the trade. 73.25 is the first level of support below 78.27 , and by rule, any test of support is a buy signal. In this case, support 73.25 would be being tested, so a buy signal would exist.
- Short KMX slightly under 80.4, target 73.25, stop loss @ 80.63 Details
The technical summary data is suggesting a short of KMX as it gets near 80.4 with a downside target of 73.25. We should have a stop loss in place at 80.63though. 80.4 is the first level of resistance above 78.27, and by rule, any test of resistance is a short signal. In this case, if resistance 80.4 is being tested, so a short signal would exist.
Swing Trading Plans for KMX
- Buy KMX slightly over 80.4, target 87.84, Stop Loss @ 80.17 Details
If 80.4 begins to break higher, the technical summary data tells us to buy KMX just slightly over 80.4, with an upside target of 87.84. The data also tells us to set a stop loss @ 80.17 in case the stock turns against the trade. 80.4 is the first level of resistance above 78.27, and by rule, any break above resistance is a buy signal. In this case, 80.4, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short KMX slightly near 80.4, target 77.81, Stop Loss @ 80.63. Details
The technical summary data is suggesting a short of KMX if it tests 80.4 with a downside target of 77.81. We should have a stop loss in place at 80.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 80.4, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for KMX
- Buy KMX slightly over 78.98, target 80.4, Stop Loss @ 78.8 Details
If 78.98 begins to break higher, the technical summary data tells us to buy KMX just slightly over 78.98, with an upside target of 80.4. The data also tells us to set a stop loss @ 78.8 in case the stock turns against the trade. 78.98 is the first level of resistance above 78.27, and by rule, any break above resistance is a buy signal. In this case, 78.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short KMX slightly near 78.98, target 78.04, Stop Loss @ 79.16. Details
The technical summary data is suggesting a short of KMX if it tests 78.98 with a downside target of 78.04. We should have a stop loss in place at 79.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Carmax Inc (KMX) available here: KMX.
KMX Ratings for January 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
73.25 |
| P2 |
78.04 |
77.81 |
80.4 |
| P3 |
78.98 |
80.34 |
87.84 |
AI Generated Signals for KMX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Carmax Inc (NYSE: KMX) data table below can help you with price action, and we have more details too. Trading plans for KMX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KMX:
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