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DrewDimes
Aug 16, 2021 4:11 AM

KTOS is oversold. Swing trade to $25 Long

Kratos Defense & Security Solutions, Inc.NASDAQ

Description

-RSI is looking pretty low

-Strong Cathie Wood support. ARK Invest owns over 8.7 million shares with KTOS being the #3 holding in ARKQ and the #4 holding in the smaller ARKX

-Looking at the front page of the news today, the Taliban looks to be giving Sleepy Joe (and the rest of the world) some problems. Maybe defense companies get a little boost from this?

Trade closed: stop reached

Stop loss hit. Taking the L on this one

Comment

Dang. Looks like my lack of patience got to me on this one. Got stopped out almost at the bottom. Oh well, it happens from time to time.

Silver lining is this was a good play.
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