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Possible Bearish Inside Day Candle Pattern Detected for Kratos Defense & (NASDAQ:KTOS)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Kratos Defense & (NASDAQ:KTOS) based on the price action in the company's shares. Today's price range of $14.65 and $14.95 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Kratos Defense & may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, shares of Kratos Defense & have traded between a low of $8.90 and a high of $15.00 and are now at $14.80, which is 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

Based on a current price of $14.80, Kratos Defense & is currently 6.7% above its average consensus analyst price target of $13.81. The stock should find initial support at its 50-day moving average (MA) of $13.73 and further support at its 200-day MA of $12.07.

Kratos Defense & Security Solutions, Inc. operates as a defense contractor and security systems integrator for the federal government and for state and local agencies. The Company offers services in weapon systems lifecycle support, military weapon range, security and surveillance systems, and IT engineering.

SmarTrend is monitoring the recent change of momentum in Kratos Defense &. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kratos Defense & in search of a potential trend change.

Keywords: bearish inside day candle kratos defense &

Ticker(s): KTOS