Kratos Defense & Security Solutions, Inc. provides mission
critical products, services, and solutions in the United States and
internationally. The company's Kratos Government Solutions segment
offers services comprising weapon systems sustainment, lifecycle
support, and extension; command, control, communications, computing,
combat systems, intelligence, surveillance, and reconnaissance services,
including cybersecurity, cyberwarfare, information assurance, and
situational awareness solutions; military range operations and technical
services; missile, rocket, and weapons systems test and evaluation;
mission launch services; modeling and simulation; unmanned aerial
vehicle products and technology; advanced network engineering and
information technology services; and public safety, security, and
surveillance systems integration. Its Public Safety & Security
segment provides independent integrated solutions for homeland security,
public safety, critical information, and security and surveillance
systems.
To review Kratos' stock, please take a look at the 1-year chart of
KTOS (Kratos Defense & Security Solutions, Inc.) below with my added
notations:
Over the last 8 months KTOS has consistently moved higher and during
that time the stock has also formed a nice trend line of support (blue).
Always remember that any (2) points can start a trend line, but it's
the 3rd test and beyond that confirm its importance. Obviously KTOS's
trend line is important to the stock since it has been tested on
multiple occasions over the last 8 months. In addition, the stock is
sitting on the same $8 level that it found support at back in October.
The Tale of the Tape: KTOS has both a trend line support and an $8
support. A long position could be entered on a pullback to $8, with a
stop placed below that level. A short position could be entered if KTOS
were to break below $8, which would also be a break of the trend line
support.
Please share this article
No comments:
Post a Comment