Shares of CarMax, Inc (NYSE:KMX) continue to fall as auto sales slide and auto loans hit default rates not seen since the financial collapse in 2008 and 2009. However, for interesting investors, there is a major level of support looming. This entry price will be a strong buy for a swing trade bounce. The price point for investors to buy is $53.00 and is found by connecting the lows of the last year. Nimble investors can buy here and get a quick 10% bounce in a matter of days to a week or two. After the bounce, exit and enjoy your profits.
Investors ready to buy CarMax, Inc at major chart support
Investors ready to buy CarMax, Inc at major chart support