Signal: Buy the Dip on Struggling Carvana Stock

Online car retailer Carvana Co (NYSE:CVNA) is trading 1.5% higher at $338.61 at last check, adding to its already 66% year-to-date gain and attempting to recover some of its 10% quarterly loss. Since touching a record high of $413.35 in July, the shares have struggled, though $320 has captured several pullbacks in recent months. Another key trendline is also emerging that should have bulls ready to buy the dip.CVNA is testing its historically bullish, 126-day trendline. Per Schaeffer's Senior Quantitative A ...