$KNF Short-Term Outlook

Due to KNF recently IPOing, it would be virtually impossible to give a long-term outlook. But short-term, the stock appears to be coiling and will possibly range in the upper 40s. There's a possibility that it could continue to climb higher but I believe it is more likely to correct due to market weakness. Companies that have IPO'ed in the past couple of years have not fared well over a longer time frame as valuations have bled.