Knight Transportation (KNX 33.85) reached its Minimum Sell Price of 33.84 on Friday, November 11. Sales and earnings have declined during the past several quarters because of higher costs and overcapacity in the trucking industry. The recent surge in KNX’s stock price provides an excellent opportunity to take profits.
Knight Transportation was first recommended in June 2015 at 28.63. The company was featured in the Cabot Value Model using the Modern Value Analysis. KNX has advanced 18.2% in the past 17 months compared to a gain of 4.1% for the Standard & Poor’s 500 Index during the same time period.
I recommend selling your KNX shares now.