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Bearish Moving Average Cross by Knight Transport (KNX)

By Shiri Gupta

Today, shares of Knight Transport (NYSE:KNX) have fallen below their 10-day MA of $41.00 on a volume of 279K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Knight Transport share prices have moved between a 52-week high of $51.94 and a 52-week low of $34.60 and are now trading 17% above that low price at $40.62 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Knight Transport. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Knight Transport in search of a potential trend change.

Keywords: moving crosses knight transport

Ticker(s): KNX