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Look for Shares of Kratos Defense & to Potentially Pullback after Yesterday's 2.63% Rise

By Amy Schwartz

Kratos Defense & (NASDAQ:KTOS) traded in a range yesterday that spanned from a low of $13.70 to a high of $14.49. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $13.90 on volume of 700,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Kratos Defense & share prices have moved between a 52-week high of $16.09 and a 52-week low of $8.90 and are now trading 58% above that low price at $14.10 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is monitoring the recent change of momentum in Kratos Defense &. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kratos Defense & in search of a potential trend change.

Keywords: rebounders kratos defense &

Ticker(s): KTOS