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After Yesterday's Decline of 2.46%, Kratos Defense & Offers Investors Better Value

By Shiri Gupta

Kratos Defense & (NASDAQ:KTOS) traded in a range yesterday that spanned from a low of $17.07 to a high of $17.49. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $17.16 on volume of 174,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Kratos Defense & have traded between a low of $12.31 and a high of $25.08 and are now at $17.26, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

SmarTrend is tracking the current trend status for Kratos Defense & and will alert subscribers who have KTOS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders kratos defense &

Ticker(s): KTOS