+ Watch KNL
on My Watchlist
The Company is a designer and manufacturer of branded office furniture products and textiles.
The 50-day and 200-day moving averages show a strong negative divergence, both in regards to each other and to the S&P500. However, the 10-day moving average has flattened over the previous couple of months and could even be signaling a trend reversal, as it is converging with the 50-day moving average. It has not yet done so yet, so this is not a concern yet, though it is worth watching. Due to the strong negative divergence between the 50-day and 200-day moving averages and the S&P500, and due to the fact that no clear trend is yet evident with the 10-day moving average, I am keeping and reiterating my underperform rating on this stock. It will be worth monitoring loosely in the future to see if the 10-day trend is indeed going to show a reversing trend, but is not a big concern to me at this time. If you initiate a new short position on this stock, I would monitor it fairly closely to see if the trend reversal is indeed forming, signaling that the short position should be closed. I would not initiate a long position in this stock at this time.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions