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After Yesterday's Rally of 2.29% Shares Could Potentially Pullback

By James Quinn

Kratos Defense & (NASDAQ:KTOS) traded in a range yesterday that spanned from a low of $22.18 to a high of $22.38. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $21.92 on volume of 879,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Kratos Defense & share prices have been bracketed by a low of $10.66 and a high of $22.38 and are now at $22.19, 108% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 3.0%.

Keywords: rebounders kratos defense &

Ticker(s): KTOS