Knight Transportation Forms Giant Ascending Triangle

Knight Transportation has formed a giant Ascending Triangle (purple) pattern.

The catalyst that can drive this stock higher is that an improving U.S. consumer (as evidenced by earnings beats last week from Amazon, Dunkin Donuts, Domino's Pizza, etc) and improving U.S. economy in the 2nd half of 2015 will push up demand for trucking transportation services.

The forward P/E of 18.5 suggests the company is fairly priced in relation to its earnings . Knight Transportation stock trades with a hot PEG ratio of 1.26 which suggests growth can be purchased at a premium right now.

What I REALLY like about this stock though is that the EPS forecast was just raised.

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