Bearish Moving Average Cross by Knight Transportation (KNX)
Today, shares of Knight Transportation (NYSE:KNX) have crossed bearishly below their 10-day moving average of $26.40 on a volume of 106K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Knight Transportation share prices have been bracketed by a low of $20.56 and a high of $30.79 and are now at $26.28, 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
SmarTrend is tracking the current trend status for Knight Transportation and will alert subscribers who have KNX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses knight transportation