A novel stocking is disclosed having an advantageous combination of static and graduated compression regions to provide beneficial circulation for individuals having compromised circulation and for athletes. Because the stockings compression is graduated to generally comply with muscle contours, the stockings can be easily placed on the foot and removed and substantially improve the circulation of those with a variety of circulatory problems. During exercise, improved circulation facilitates the removal of metabolites such as carbon dioxide and lactic acid from muscle tissue in the leg and increases oxygenation of the same muscle tissue. The novel stockings are constructed from a novel knit fabric comprising a taut elastic material providing sufficient stretch to allow the stockings to be easily placed on a foot. The elastic material is further responsible for static and/or graduated compression in selected regions of a stocking. The second material can be elastic or non-elastic and is incorporated in to the knit material in a relaxed state to allow movement in a stretching direction without the second material being substantially stretched. A method for producing the novel stocking is also provided.