Articles tagged with KMX
Would The Most Important Gap Level Please Stand Up?
It's not at all unusual for a stock to stumble upon a key gap support or gap resistance level, but in the case of Carmax, Inc. (KMX), there's one of each. In what may have been the worst trading day ever for KMX on September 29, 2022, the stock gapped down significantly and then proceeded to drop all day long, resulting in the loss of 25% of its market cap in just one session. As you might expect, the volume that day was monstrous - the 2nd highest daily volume since 2010. Two weeks ago, KMX climbed all the way back up to test that gap resistance at 86.42:...keep reading