CarMax's most recent trend suggests a bearish bias. One trading opportunity on CarMax is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 7.53% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $57.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for CarMax is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for CarMax is bearish.
The RSI indicator is at 46.88 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CarMax
CarMax Opens New Store In Southwest Ft. Worth
Thu, 10 Jul 2014 15:08:30 GMT
noodls – RICHMOND, Virginia (July 10, 2014) – CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has officially opened its second store in Ft. Worth. Located at 4700 River Ranch Blvd., this is …
CARMAX INC Files SEC form 10-Q, Quarterly Report
Tue, 08 Jul 2014 18:34:58 GMT
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