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Carmax Inc Set to Possibly Pullback After Yesterday's Rally of 5.61%

Comtex SmarTrend(R) - Tue Nov 12, 11:04AM CST

Carmax Inc (NYSE:KMX) traded in a range yesterday that spanned from a low of $93.69 to a high of $96.47. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $95.44 on volume of 390,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Carmax Inc and will alert subscribers who have KMX in their portfolio or watchlist when shares have changed trend direction.

Carmax Inc share prices have moved between a 52-week high of $96.28 and a 52-week low of $55.24 and are now trading 70% above that low price at $94.13 per share. The 200-day and 50-day moving averages have moved 0.65% higher and 0.78% higher over the past week, respectively.

Write to SmarTrend at cs@mysmartrend.com

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