lollerfirst

KMX: Bad ER and a nice gap down

Short
NYSE:KMX   CarMax Inc
The stock is currently trading below it's 50 day MA and the reception of ER on the 30th of September was negative.
We have seen a gap down of -9%, followed by a solid red daily candle.
The spike in volume is also a good indication.
I'm expecting the stock to drift down as big investors adjust their positions / get out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.