Shares of KKR Financial Holdings Has Risen Above Previous 52-Week High
KKR Financial Holdings (NYSE:KFN) traded today at a new 52-week high of $11.25. This new high was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 985,000 shares.
In the past 52 weeks, shares of KKR Financial Holdings have traded between a low of $7.95 and a high of $11.25 and are now at $11.23, which is 41% above that low price. 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.
KKR Financial Holdings has overhead space with shares priced $11.23, or 6.4% below the average consensus analyst price target of $12.00. The stock should find initial support at its 50-day moving average (MA) of $10.47 and further support at its 200-day MA of $9.51.
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 23.3%. We continue to monitor KFN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows kkr financial holdings