This defense company provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. Take a look at…
the 6-month chart of Kratos (KTOS) below with the added notations:
Chart of KTOS provided by TradingView
Over the past several months, KTOS has been declining against a trendline of resistance (red). More recently, the stock has also created an important support level at $9 (green). At some point, KTOS will have to break one of those two lines, and that break will likely dictate the next major move for the stock.
The Tale of the Tape: KTOS is trading between key support and trendline resistance. A break of support could be an opportunity to…
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