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tribe84
Mar 17, 2017 3:53 AM

$KTOS can make strong move to the upside. Long

Kratos Defense & Security Solutions, Inc.NASDAQ

Description

Looking at chart, we could see a confluence of factors coming together. KTOS is moving back into the value range (blue lines). It is set to break 20 and 50 MA and has seen an increase of volume over the last few days. The middle line show the control value or the value that price action has been gravitating towards over the past few months (yellow circles). Yellow arrows shows support and resistance of the value area.

Comment

Good price movement so far, would take profit if there are signs of resistance forming, but I expect this stock to run for a few extra days.
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