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Knight Transport: The Winning Streak Continues (KNX)

By Shiri Gupta

Shares of Knight Transport (NYSE:KNX) traded today at $41.05, breaking its 52-week high. This new high was reached on below average trading volume as 538,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Over the past year, Knight Transport has traded in a range of $24.79 to $41.05 and is now at $41.00, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Knight Transport (NYSE:KNX) defies analysts with a current price ($41.00) 4.2% above its average consensus price target of $39.27. Knight Transport shares have support at the 50-day moving average (MA) of $25.94 and additional support at the 200-day MA of $25.55.

Knight Transportation, Inc. is a short-to-medium haul and dry van truckload carrier. The Company transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers, and imported and exported commodities. Knight Transportation serves customers in the United States, Canada, and Mexico.

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 15.2%. We continue to monitor KNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows knight transport

Ticker(s): KNX