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

By Amy Schwartz

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 $14.56 and $14.75 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.

Kratos Defense & (NASDAQ:KTOS) is currently priced 5.2% above its average consensus analyst price target of $13.81. Kratos Defense & shares have support at the 50-day moving average (MA) of $13.20 and additional support at the 200-day MA of $11.57.

Kratos Defense & share prices have moved between a 52-week high of $14.87 and a 52-week low of $3.75 and are now trading 288% above that low price at $14.56 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.

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 recommended that subscribers consider buying shares of Kratos Defense & on May 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.38. Since that recommendation, shares of Kratos Defense & have risen 29.9%. We continue to monitor KTOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle kratos defense &

Ticker(s): KTOS