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Recent 52-Week High Exceeded in Shares of Kratos Defense & (KTOS)

By Amy Schwartz

Shares of Kratos Defense & (NASDAQ:KTOS) traded at a new 52-week high today of $13.85. So far today approximately 374,000 shares have been exchanged, as compared to an average 30-day volume of 504,000 shares.

Kratos Defense & share prices have moved between a 52-week high of $13.85 and a 52-week low of $3.75 and are now trading 259% above that low price at $13.46 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.4% while the 200-day MA has slid 0.4%.

Kratos Defense & (NASDAQ:KTOS) is currently priced 3.1% above its average consensus analyst price target of $13.04. The stock should find initial support at its 50-day moving average (MA) of $4.64 and further support at its 200-day MA of $4.34.

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 August 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.58. Since that recommendation, shares of Kratos Defense & have risen 6.5%. We continue to monitor KTOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows kratos defense &

Ticker(s): KTOS