B/R of a bullish flag poses a chance for a buy entry. Areas marked to look out for. Target around $60.
KEY POINTS a. Profits fell sharply but still beat estimates. b. Knight-Swift seems likely to benefit from Convoy's bankruptcy. c. The company is making profits with its integration of U.S. Xpress. The diversified trucking company topped estimates and appears to be turning the corner in its U.S. Xpress acquisition. Shares of Knight-Swift Transportation (KNX...
Solid Insider Selling. Could Consider May $55 puts.
Technical analysis: The shares of $KNX have dropped around 10% after earnings miss. As it is seen on the graph, $40.0 per share is acting as strong Support and the price can't break it down. Also, it is consolidating and moving sideways. Fundamental analysis: Knight-Swift Transporation (KNX) reported 4th Quarter December 2020 earnings of $0.94 per share...
Clear weekly H&S pattern - going down in this timeframe... Will it bounce at old support... my thoughts.
KNX falling down from its oscillating resistance, also looks like break of a small upward wedge. We can see divergence with money-flow, and money-flow going down sharply. We think it will decline from here. On the fundamental side Transportation sector is on the weak side & recent big Insider selling makes it perfect for short. Break of 28 will be a good short...