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Knoll Bearish Moving Average Crossover Alert (KNL)

By Nick Russo

Today, shares of Knoll (NYSE:KNL) have crossed bearishly below their 10-day moving average of $22.67 on a volume of 304K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Knoll share prices have been bracketed by a low of $16.42 and a high of $26.76 and are now at $22.27, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Knoll on September 13th, 2016 by issuing a Downtrend alert when the shares were trading at $24.68. Since that call, shares of Knoll have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses knoll

Ticker(s): KNL