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Kratos Defense & Bearish Moving Average Crossover Alert (KTOS)

By Amy Schwartz

Kratos Defense & (NASDAQ:KTOS) shares have crossed bearishly below their 10-day moving average of $23.98 on a volume of 163K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Kratos Defense & has traded in a range of $11.91 to $24.32 and is now at $23.80, 100% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Kratos Defense & on May 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.20. Since that recommendation, shares of Kratos Defense & have risen 40.4%. We continue to monitor KTOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kratos defense &

Ticker(s): KTOS