Watch These Carvana Price Levels as Stock Surges
Key Takeaways
- Carvana shares jumped nearly 4% on Tuesday, extending their winning streak to five consecutive days.
- Analysts at Morgan Stanley upgraded the stock, saying that recent selling in the shares provides an opportunity for investors to gain exposure to the online automobile retailer.
- Since setting their late-November peak, Carvana shares have oscillated within a trading range, potentially consolidating before the stock’s next move higher.
- Investors should watch crucial overhead areas on Carvana’s chart around $265 and $365, while also monitoring key support levels near $165 and $130.
Carvana (CVNA) shares surged Tuesday following an upgrade from Morgan Stanley, extending the stock’s winning streak to five consecutive…
