Carvana Chart Weakens As Momentum Indicators Turn Bearish, Short Report Hits

Carvana Co. CVNA has been a rollercoaster for investors, with a jaw-dropping 327% rally over the past year overshadowed by a 21.97% dip in the last month. But behind the flashy headlines is a stock chart showing signs of fatigue. Chart created using Benzinga ProCarvana Stock Chart: All Signals Point SouthCarvana’s stock has dropped below key simple moving averages (Eight, 20 and 50-day), a textbook sign of a bearish trend. Adding to the challenges:The stock’s price of $199.56 is far below its eight-day SMA ...