TradersThinkTank Overview of KMX

Nick Pirraglia

TradersThinkTank Overview of KMX

By Nick Pirraglia — Author

Traders,

We snagged an entry long in KMX off the Think- Tank system. This looks to be in the second stage of a powerful move to break the old high around the 52 area. I expect it to see 54-55. I will place my PT1 level at 53.30. I will look for PT2 above 54.5 but I will update any changes as usual via the alerts.

The stop loss will be any close of the day under 50.15.

The KMX chart below shows:

The first push to top the old highs posted last month
Strong close relative to the resistance
strong RSI supporting the recent moves
S strong momentum stance at thsi point should move it towards 55

Have a great trading day!

Nick Pirraglia

TradersThinkTank

Posted to Traders Think Tank on Dec 09, 2013 — 9:12 PM

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