WadeYendall

KMX on watch

Long
WadeYendall Updated   
NYSE:KMX   CarMax Inc
KMX poised to breakout post earnings. Two possible plays on the this one. Either take it early on a pull back to the green box and then hope for a break or wait for the breakout and then take it on a pull back to the green box. I prefer the latter. Stops either way would be the below the green box. Targets would be the fib extensions.
Comment:
Will be careful will the market weakness. No trade unless the market shows strength. Price can easily fall back to the 9 /21 ema cloud at 130.
Comment:
Trade never triggered. Will keep on radar as it is setting up again with a break of 139.

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