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...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 53.2/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 54.5/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
This is a good spot for us to jump in on a KNX short again. ratio looks decent. smaller position is recommended since we are a little late and the bearish candle is huge
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $52.95
Target Price: $52.05
Stop Loss: $53.88
there is a support area confluence with trend line and ema 200 and golden fibo zone if the price reaches to the support area then look for buy setup , volume , candlestick pattern.
the results of the company's financial information are acceptable :
market cap : 9.63 B
p/e : 15.23
p/s : 1.76
p/b : 1.51
peg : 0.82
Quick Ratio : 1.60
Current Ratio : 1.60
Please...
$KNX broke up today, got some selling, ended up coming all the way back to make a new high of day and all time high break.
2000+ 55c 11/19 traded - still only $1.25 - looking to get in tomorrow.
Headlines on TOS:
Knight-Swift Transportation Q3 Adjusted Earnings, Revenue Rise; Increases Full-Year 2021 Guidance.
Knight-Swift Crushes Q3 Expectations; All Segments'...
KNX is setting up here with a really nice long term base, cracked the 50 level last week. Was that the level it needed to make another move higher? Time will tell. Following IYT as well and the possibility of it bottoming, if it does, we should see significantly higher prices here
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...
Hey traders, KNIGHT SWIFT TRANSN HLDGS is in an uptrend with stable buy volume and long legged turn. In the TIMEFRAME M1 we see a marubozu with a large volume of past purchase it goes back to its last precedent higher to then go to the top of the stabilization zone to test it. Great possibility of breaking out the price afterwards the zone to arrive in another and...
