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lollerfirst
Oct 3, 2021 5:09 PM

KMX: Bad ER and a nice gap down Short

CarMax IncNYSE

Description

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.
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