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Watch for Kratos Defense & to Potentially Pullback After Gaining 1.07% Yesterday

By Amy Schwartz

Kratos Defense & (NASDAQ:KTOS) traded in a range yesterday that spanned from a low of $19.27 to a high of $19.77. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $19.56 on volume of 517,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Kratos Defense & have traded between a low of $11.91 and a high of $25.08 and are now at $19.62, which is 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has risen 0.5%.

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