Carvana Levels to Watch as Stock Jumps 20% on Strong Earnings, Outlook Boost

Key Takeaways Carvana shares soared in extended trading on Wednesday after the online car dealer blew past Wall Street's third-quarter earnings estimates and raised its full-year outlook. The stock has recently reclaimed the 200-week moving average and sits poised to break out above the upper trendline of a rising wedge pattern following the company's better-than-expected quarterly results. Investors should monitor key overhead price levels on Carvana's chart around $240, $300, and $365. During retracements ...