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CarMax will rise today

Today CarMax, the largest retailer of used cars in the USA, posted quarterly profit and sales that exceeded analysts' estimates. Net income increased to 41 cents a share while analysts had expected 40 cents. At the same time, revenue equaled to $2.48 billion against forecasted $2.41 billion. I assume that stocks of CarMax will definitely rise during today’s session.

 

Moreover, as you can see on the daily chart below there was formed “white opening marubozu” on higher volumes, and RSI indicator also proves possibility of upward trend continuation.