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Shares of Kratos Defense & Rise to a New 52-Week High

By Amy Schwartz

Shares of Kratos Defense & (NASDAQ:KTOS) traded at a new 52-week high today of $13.50. Approximately 293,000 shares have changed hands today, as compared to an average 30-day volume of 504,000 shares.

Kratos Defense & (NASDAQ:KTOS) is currently priced 2.9% above its average consensus analyst price target of $13.04. The stock should discover initial support at its 50-day moving average (MA) of $4.64 and subsequent support at its 200-day MA of $4.34.

In the past 52 weeks, Kratos Defense & share prices have been bracketed by a low of $3.75 and a high of $13.50 and are now at $13.43, 258% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 3.4%.

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 6.0%. 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