Monitor Carvana Price Levels During Stock Surge
/Article


Carvana's stock experienced a 4% surge on Tuesday, marking its fifth consecutive day of gains, following an upgrade from analysts at Morgan Stanley. The analysts noted that recent selling presented an opportunity for investors to invest in the online car retailer. Despite the stock hovering below its late-November peak, it has shown signs of consolidation within a set trading range, indicating a potential upward movement in the future. Investors are advised to monitor crucial price levels at $265, $365 for potential resistance, and $165, $130 for possible support.

Leave a Reply