Knight Transportation Crosses Below its 10-day MA (KNX)
Knight Transportation (NYSE:KNX) crossed under its 10-day moving average of $28.39 on a volume of 175K 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.
Over the past year, Knight Transportation has traded in a range of $20.56 to $30.79 and is now at $28.19, 37% 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.
SmarTrend recommended that subscribers consider buying shares of Knight Transportation on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.83. Since that recommendation, shares of Knight Transportation have risen 3.0%. We continue to monitor KNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses knight transportation