Setting Up For A Move Higher: CarMax, Inc. (KMX), Alliant Energy Corporation (LNT) – The RNS Daily

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CarMax, Inc. (NYSE:KMX) average daily volatility for this week is 2.5% which is less than the 2.56% recorded over the past month. Its shares dropped by -26.39% or -$21.55 from its last recorded high of $81.67 which it attained on June 22 to close at $60.12 per share. Over the past 52 weeks, the shares of CarMax, Inc. has been trading as low as $55.24 before witnessing a massive surge by 8.83% or $4.88. This price movement has led to the KMX stock receiving more attention and has become one to watch out for. It dipped by -1.43% on Thursday and this got the market worried. The stock’s beta now stands at 1.37 and when compared to its 200-day moving average and its 50-day moving average, KMX price stands -13.3% below and -3.5% below respectively.

CarMax, Inc. (KMX) rose 2.28% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -7.96% and is now down by -4.16% since start of this year. A look at its monthly performance shows that the stock has recorded a -7.38% fall over the past 30 days. Its equity price dipped by -14.77% over the past three months which led to its overall six-month decrease to stand at -20.46%.

Experts from research firms are bullish about the near-term performance of CarMax, Inc. with most of them predicting a $79.43 price target on a short-term (12 months) basis. The average price target by the analysts will see a 32.12% rise in the stock and would lead to KMX’s market cap to surge to $13.81B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 14 analysts that track CarMax, Inc. (NYSE:KMX) and find out that 3 of them rated it as a Hold. 11 of the 11 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at KMX technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 44.99 point. Its trading volume has lost -330953 shares compared to readings over the past three months as it recently exchanged 1639047 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1970000 shares, and this is 0.83 times the normal volume.

The price of Alliant Energy Corporation (NASDAQ:LNT) currently stands at $44.74 after it went up by $0.51 or 1.15% and has found a strong support at $44.27 a share. If the LNT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $43.81 mark would also be bad for the stock as it means that the stock would plunge by 2.08% from its current position. However, if the stock price is able to trade above the resistance point around $44.98, then it could likely surge higher to try and break the upward resistance which stands at $45.23 a share. Its average daily volatility over the past one month stands at 1.87%. The stock has plunged by 90.96% from its 52-weeks high of $4.0467 which it reached on Apr. 12, 2018. In general, it is 17.01% above its 52-weeks lowest point which stands at $37.13 and this setback was observed on Aug. 02, 2018.

Analysts have predicted a price target for Alliant Energy Corporation (LNT) for 1 year and it stands at an average $44/share. This means that it would likely increase by -1.65% from its current position. The current price of the stock has been moving between $44.0467 and $44.76. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $40. On the other hand, one analyst is super bullish about the price, setting a target as high as $49.

The LNT stock Stochastic Oscillator (%D) is at 87.92%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 3.06 which compares to the 3.28 recorded by the industry or the 2.35 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 19.86, which is lower than the 20.75 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 5.4% over the past five years.

Analysts view Alliant Energy Corporation (NASDAQ:LNT) as a Hold, with 2.9 consensus rating. Reuters surveyed 10 analysts that follow LNT and found that 8 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Alliant Energy Corporation (LNT) shares or sell it if they already own it.

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