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Knoll Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Knoll Inc (NYSE:KNL) traded today at a new 52-week high of $24.45. This new high was reached on above average trading volume as 396,000 shares traded hands, while the average 30-day volume is approximately 228,000 shares.

Knoll Inc share prices have moved between a 52-week high of $24.45 and a 52-week low of $15.72 and are now trading 56% above that low price at $24.45 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Knoll, Inc. designs and manufactures branded office furniture products and textiles. The Company primarily sells its products in North America through a direct sales force and a network of independent dealers. Knoll offers a variety of office furniture, including modular workspaces with integrated panels, work surfaces, storage, lighting, seating, desks, casegoods, and tables.

There is potential upside of 10.4% for shares of Knoll Inc based on a current price of $24.45 and an average consensus analyst price target of $27.00. Knoll Inc shares have support at the 50-day moving average (MA) of $21.81 and additional support at the 200-day MA of $20.25.

SmarTrend recommended that subscribers consider buying shares of Knoll Inc on June 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.58. Since that recommendation, shares of Knoll Inc have risen 8.7%. We continue to monitor KNL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows knoll inc

Ticker(s): KNL