lollerfirst

KMX: Bad ER and a nice gap down

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NYSE:KMX   CarMax Inc
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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