Knight-Swift, $KNX, the largest trucking company in the US, rallied yesterday after the earnings release of competitor J. B. Hunt $JBHT. J. B. Hunt's earnings yesterday were mostly inline, but these better-than-feared numbers eased the idea of a major transport downturn. Here's the daily chart for J. B. Hunt $JBHT.
So today, the day after that nice rally,...
Knight-Swift ($KNX) posted an ER beat and Revenue miss on 4-25-18. I'll be entering into some 6/15 calls with a price target of $41.75 where I'll let those go. Hoping for a fun swing trade on this dip. It's currently trading below the 255-day linear regression 2x standard deviation line.
As we can clearly see, Price is forming higher lows, and lower highs.
In the past ( look in the H4 chart) you can see the same patterns. Sometimes price dropped a little under the support, and then rocketed away.
So my prediction is, around mid/end next week (9.-11. Aug) this stock should take off.
Check back!
Good trades, better profits!
As we see, here is a nice shoulder-head-shoulder formation coming to bring us profits.
if the neckline breaks, we do have an entry, if not, dont worry, next chance is just round the corner
give this thing a few more days, and see if its a false or a real breakout!
If its real, go and long this bad boy, if its false, take a quick short swing ;-)
To me, it looks like massive breakout after this very long consolidation.
Give me replys!
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...
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...
An appropriate short targeting the 0.382 fib which is also close to the 50 day Simple Moving Average (SMA).
Candlestick pattern is also bearish which has occurred at a triple top.
Furthermore the OBV has continued to fall despite the push upwards indicating a lack of sincere accumulation.
A stop above the triple top is appropriate.
Knight-Swift Transportation Holdings Inc., formerly Swift Transportation Company, provides truckload services in North America. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers. As of September 10, 2017, the Company had a fleet of approximately 23,000 tractors and 77,000 trailers. It operates through its Knight Transportation, Swift Transportation, and Barr-Nunn branded subsidiaries.
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KNX
