Long Position on KNX @ $58.00 on 12/23/2021 (Fundamentals)

Knight-Swift Transportation Holdings Inc. (KNX) provides truckload transportation services in the United States, Mexico, and Canada. Stockwinners

The company operates through three segments: Trucking, Logistics, and Intermodal.

Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and materials.

The company also provides logistics and intermodal services, such as brokerage, intermodal, and certain logistics; freight management; and non-trucking services.

In addition, it offers various support services, including repair and maintenance shop services, warranty, insurance, and equipment leasing; and trailer parts manufacturing and warehousing services, as well as engages in the driving academy activities.

The company operates a total of 18,448 tractors, which comprises 16,379 company tractors and 2,069 independent contractor tractors, as well as 57,722 trailers; and 577 tractors and 10,604 intermodal containers.

It serves retail, food and beverage, consumer products, paper products, transportation and logistics, housing and building, automotive, and manufacturing industries. Shares are heading higher in an upward trading channel. Shares are presently at the lowwer boundary of the said channel. Higher share prices are expected.

 

Entry Point: $58.00

Trading Range: $39.17 - $61.87

Stop Loss: $55.50

Target Price: $63.80

Position closed on 2/1/2022 at price of $56.77 with a -2.12% loss in 40 days.

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