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Knight Transportation Inc. (KNS) breaches breakdown level
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Posted on 10/26/09 at 12:35pm by Mark Moneymaster
Knight Transportation Inc. (NYSE: KNX) has breached the decisive 200 days moving average of around $17 from upside, after coming below 20 days and 50 days moving average last week.
This downward reversal in Knight Transportation Inc. (KNX) starting from a level of $18.7 about a week back, suggests that the KNX stock may now have a real support for long term only around $16, the level around whicha strong accumulation in KNX stock was noticed in April.
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