Bulls See Knight Transportation Truckin' Higher (KNX)

Shares of Knight Transportation KNX are higher on the session by 0.21%, currently trading at $19.50. The stock has been moving largely higher over the past two months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the February 2011 $20.00 call was purchased 1,450 times, on the offer, on no prior open interest. Overall call volume is now running at 55.85x the daily average with 98% of all calls traded being purchases on the offer. Knight Transportation, Inc. is a truckload transportation services provider. It transports general commodities for customers throughout the United States focusing its operations on a short-to-medium length of haul.