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The Knot (KNOT) Upgrade Alert, Watch for 26.3% Technical Downtrend Reversal

Written on Fri, 05/07/2010 - 7:32am
By Chip Brian

The Knot (NASDAQ:KNOT) upgraded to Buy from Neutral at Merriman. The stock closed yesterday at $7.76 on volume of 289,500 shares, above average daily volume of 164,789.
The Knot is currently below its 50-day moving average of $7.96 and below its 200-day moving average of $9.45.
SmarTrend is bearish on shares of KNOT and our subscribers received a Downtrend alert on November 02, 2009 at $10.53, which has returned 26.3% to date.

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