How To Trade Carmax KMX

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Weak Strong
P1 0 0 114.96
P2 114.78 113.20 127.72
P3 116.22 116.16 140.74

Longer Term Trading Plans for KMX

June 10, 2021, 5:45 pm ET

Our Longer Term Plans for KMX help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this KMX Report.

KMX - (Long) Support Plan

Buy over 114.96 target 127.72 stop loss @ 114.63

The technical summary data tells us to buy KMX near 114.96 with an upside target of 127.72. This data also tells us to set a stop loss @ 114.63 to protect against excessive loss in case the stock begins to move against the trade. 114.96 is the first level of support below 115 , and by rule, any test of support is a buy signal. In this case, support 114.96 would be being tested, so a buy signal would exist.

KMX - (Short) Resistance Plan

Short under 127.72, target 114.96, stop loss @ 128.09

The technical summary data is suggesting a short of KMX as it gets near 127.72 with a downside target of 114.96. We should have a stop loss in place at 128.09though. 127.72 is the first level of resistance above 115, and by rule, any test of resistance is a short signal. In this case, if resistance 127.72 is being tested, so a short signal would exist.


KMX Long Term Analysis for June 10 2021

Swing Trading Plans for KMX

June 10, 2021, 5:45 pm ET

Our Swing Trading Plans for KMX help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this KMX Report.

KMX - (Long) Support Plan

Buy over 116.16, target 127.72, Stop Loss @ 115.82

If 116.16 begins to break higher, the technical summary data tells us to buy KMX just over 116.16, with an upside target of 127.72. The data also tells us to set a stop loss @ 115.82 in case the stock turns against the trade. 116.16 is the first level of resistance above 115, and by rule, any break above resistance is a buy signal. In this case, 116.16, 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.

KMX - (Short) Resistance Plan

Short near 116.16, target 114.96, Stop Loss @ 116.5.

The technical summary data is suggesting a short of KMX if it tests 116.16 with a downside target of 114.96. We should have a stop loss in place at 116.5 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, 116.16, 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.


KMX Swing Trading Analysis for June 10 2021

Day Trading Plans for KMX

June 10, 2021, 5:45 pm ET

Our Day Trading Plans for KMX help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this KMX Report.

KMX - (Long) Support Plan

Buy over 116.22, target 127.72, Stop Loss @ 115.95

If 116.22 begins to break higher, the technical summary data tells us to buy KMX just over 116.22, with an upside target of 127.72. The data also tells us to set a stop loss @ 115.95 in case the stock turns against the trade. 116.22 is the first level of resistance above 115, and by rule, any break above resistance is a buy signal. In this case, 116.22, 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.

KMX - (Short) Resistance Plan

Short near 116.22, target 114.96, Stop Loss @ 116.49.

The technical summary data is suggesting a short of KMX if it tests 116.22 with a downside target of 114.96. We should have a stop loss in place at 116.49 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, 116.22, 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.


KMX Day Trading Analysis for June 10 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Carmax (NYSE: KMX) while incorporating prudent risk controls. 

Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for KMX change over time, and the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. 

Instructions: The rules that govern the data in this report are the rules of Technical Analysis.  For example, if KMX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

This data is further refined to differentiate trading plans for Day Trading KMX, Swing Trading KMX, and Long Term Investing plans for KMX too.

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