Stock Of The Day: Is The Carvana Selloff Finally Over?
Carvana Co. (NYSE:CVNA) is trading lower on Tuesday. However, there is a chance that the downtrend, which began on October 1, may be about to end. The stock could even reverse and rally.Carvana is oversold and at a support level. These could be bullish dynamics that set the stage for a move higher. This is why its our Stock of the Day.As you can see on the chart below, $327 was support in July and August, and it remains support now.In the stock market, there can be support at a price that has previously bee ...