Golden Cross Appears Before CarMax Investors
Portfolio Pulse from Benzinga Insights
A golden cross has formed on CarMax's (NYSE:KMX) chart, which could be bullish for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a potential change in the long-term trend.

June 07, 2023 | 2:50 pm
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CarMax (NYSE:KMX) experiences a golden cross, which could indicate a bullish trend for the stock. Investors should consider other factors like price levels and company fundamentals before taking long positions.
The golden cross is a technical indicator that suggests a potential bullish trend for a stock. In the case of CarMax, the 50-day moving average has crossed above the 200-day moving average, which could indicate a change in the long-term trend. However, investors should also consider other factors like price levels, company fundamentals, and upcoming earnings expectations before making any decisions.
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