KKR Financial Holdings (NYSE:KFN) traded at a new 52-week high today of $10.91. So far today approximately 108,000 shares have been exchanged, as compared to an average 30-day volume of 895,000 shares.

There is potential upside of 11.1% for shares of KKR Financial Holdings based on a current price of $10.80 and an average consensus analyst price target of $12.00. The stock should find initial support at its 50-day moving average (MA) of $10.31 and further support at its 200-day MA of $9.42.

Over the past year, KKR Financial Holdings has traded in a range of $7.95 to $10.91 and is now at $10.80, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

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 16.9%. We continue to monitor KFN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.