Trade Idea Of The Week In KTOS!
Updated
Please note that I am a swing trader. When I enter a position I am looking to hold anywhere from 1 day to 3 months depending on the momentum, but the average is around 7 market days for my hold time. I think it is important to know how we're looking to trade this as different strategies will provide different results even on the same stocks. Here are some quick bullet points on why I like this stock for this week:
-The aerospace and defense sector is looking extremely strong right now (although somewhat extended like the rest of the market)
-The monthly, weekly, and daily charts all look coiled and ready to go higher
-Price looks to be firing out of a squeeze at longterm support
-Volume is picking up nicely
Remember to always trade within your system and trade what you see, not what you hear, feel, or fear.
Best of luck!
-The aerospace and defense sector is looking extremely strong right now (although somewhat extended like the rest of the market)
-The monthly, weekly, and daily charts all look coiled and ready to go higher
-Price looks to be firing out of a squeeze at longterm support
-Volume is picking up nicely
Remember to always trade within your system and trade what you see, not what you hear, feel, or fear.
Best of luck!
Note
Phenomenal day today in this trade idea of the week for us! I guess KTOS didn't get the same memo as SPY, DIA, QQQ, and IWM! Still room to g higher.Trade closed: stop reached
We exited this trade this morning at $11.78 when we saw the large gap down and downward momentum on the 15 minimum chart for a 2.7% gain. Thought it would have been more after yesterday's move but we will not complain about locking in gains.
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