We last looked at KMX on March 30 and felt there was more risk in owning the stock and suggested that it should be avoided. Prices pulled back sharply in early April but like many other stocks they reversed gear and took off on the upside.
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The big question now is whether the selling over the new variant was severe enough to produce some bounce action next week?
My view is to eat some leftovers, let the rest of the day play out, and come in fresh on Monday.
Because things are changing in the world, make sure your portfolio is protected with real returns.
When traders start to look harder for those names that are being sold without justification, that's the time to be more aggressive.