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Bearish Moving Average Cross by Knight Transport (KNX)

By Shiri Gupta

Today, shares of Knight Transport (NYSE:KNX) have crossed bearishly below their 10-day moving average of $37.35 on a volume of 180K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Knight Transport has traded in a range of $24.79 to $38.80 and is now at $37.03, 49% above that low. The 200-day and 50-day moving averages have moved 0.12% lower and 0.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Knight Transport on June 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.65. Since that recommendation, shares of Knight Transport have risen 8.7%. We continue to monitor KNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses knight transport

Ticker(s): KNX