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Bearish Moving Average Cross by Knight Transportation (KNX)

By Amy Schwartz

Knight Transportation (NYSE:KNX) crossed under its 10-day moving average of $26.70 on a volume of 1.0 million 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.

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 $26.36, 28% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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

Keywords: moving crosses knight transportation

Ticker(s): KNX