Shares of KKR Financial Holdings (NYSE:KFN) traded at a new 52-week high today of $11.11. This new high was reached on approximately average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 847,000 shares.

In the past 52 weeks, KKR Financial Holdings share prices have been bracketed by a low of $7.95 and a high of $11.11 and are now at $10.85, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

KKR Financial Holdings has overhead space with shares priced $10.85, or 9.6% below the average consensus analyst price target of $12.00. The stock should discover initial support at its 50-day moving average (MA) of $10.37 and subsequent support at its 200-day MA of $9.45.

KKR Financial Holdings LLC is a specialty finance company that invests in multiple asset classes. The Company invests in debt securities and marketable and non-marketable equity securities. KKR Financial Holdings is externally managed by KKR Financial Advisors LLC, an affiliate of Kohlberg Kravis Roberts & Co. L.P.

SmarTrend recommended that subscribers consider buying shares of KKR Financial Holdings on July 24th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.03. Since that recommendation, shares of KKR Financial Holdings have risen 21.7%. We continue to monitor KFN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.