Long Position on KNX @ $32.28 on 12/16/2014 (Momentum)

Knight Transportation, Inc. (KNX) is trucking company.

The firm operates as a short to medium-haul truckload carrier of general commodities primarily in the United States.

The company operates in two segments, Asset-Based and Non-Asset-Based.

The Asset-Based segment provides truckload carrier dry van; temperature-controlled (refrigerated); dedicated truckload; and drayage services between ocean ports, rail ramps, and shipping docks.

The Non-Asset-Based segment provides logistics, freight management, freight brokerage, rail intermodal, and other non-trucking services.

As of December 31, 2013, it operated 3,537 company-owned tractors, as well as had 452 tractors under contract that are owned and operated by independent contractors, as well as operated an average of 9,406 trailers. 

The lower oil prices are helping this stock. Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $17.89 - $33.85

Entry Point: $32.28

Stop Loss: $30.65

Target Price: $35.51 

Updates

1/20/2015 1:59:00 PM

Taking profits on KNX at $32.95 after its 30 days expired!

Position closed on 1/20/2015 at price of $32.95 with a 2.08% gain in 35 days.

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