Stock Of The Day: Carvana Reverses At Resistance, Traders Watch For Next Bounce
1. CVNA shares reversed lower after a 10% rally on positive earnings. 2. Support is likely around the $259 level after resistance at $289. 3. Remorseful sellers at $289 contributed to the current downtrend. 4. Previous resistance levels can create new support in price movements. 5. Traders are identifying key price levels for optimal order placements.