KTOS trade ideas
KTOS Entering #Breakout #ModeBroke out from its 3 months cup and handle pattern on Monday and tested breakout zone early in the session today. I was able to grab some shares @$20.29. Pattern price target added to the chart. I will be taking profits around $24.50 though which is just below all time high (if the stock ending making a run to that level).
I posted about this consolidation pattern back on September 1st here
KRATOS DEFENSE & SECURITY SOLUTIONS now is in BUY Situation Hello traders, KRATOS DEFENSE & SECURITY SOLUTIONS is in a bearish fake signal aborted attempt by sellers with an average buy volume on the short term TIMEFRAME 5 15 30 min. We
observes a strong sign of buying which makes us say that the buyers are still in the process, it is very plausible that it is heading towards the last previous high point.
Which corresponds to the middle of the median and after seeing the decisions that come out of the negotiations.
Please LIKE & FOLLOW, thank you!
KTOS Analysis Weekly
Strong Bullish Momentum Candle (with Volume)
Bullish EMA Cross over 21
Bearish Divergence (Hist, OBV, CMF)
Daily
Bearish Divergence (OBV, VWMacd, CMF)
Rounded Bottom with possible Double Top
Bullish Momentum Rising (with Strong Buying Volume)
Looking for small pullback before continuing higher
4hr
Previous Dynamic Resistance at 20.00
Bullish over 20.11
Strong Bullish Momentum with Buying Volume
No Divergence
Rejection of PivotPoints
Bearish under 19.00
$KTOS descending triangle #bullish #breakout on daily #chart$KTOS stock price topped last summer in JUL'19 and after modest ER has dropped until around 17.40 where it found support
Since then the stock has been trading inside a beautiful descending triangle, until last week when it broke out on the back of the middle east tensions(we are talking about a security and defense stock after all)
Notice the big volume on the breakout and also the indicators MACD and RSI both supportive of further move up
Targets are :
T1 - intermediary top of the ascending triangle at 23.09
T2 - the measured move from the breakout of the triangle at 24.50
Good luck,
TA
$KTOS Set To Keep Climbing On Iran Fears$KTOS looks set to keep climbing as investors rush into defense-related stocks. Kratos Defense & Security Solutions, Inc. provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. The company has a strategic collaboration with AeroVironment, Inc. to develop and demonstrate integrated and operationally effective multi-domain unmanned system solutions for near-peer and denied environments. Kratos Defense & Security Solutions, Inc. was founded in 1994 and is headquartered in San Diego, California.
Defense stocks (BATS:ITA) rally following the U.S. airstrike that killed Iranian general Qassem Soleimani, with the case for more defense spending likely to strengthen as conflict in the Middle East ramps up.
"If Middle East conflict were to ratchet up... we think it could be tougher for Democratic Party electoral candidates to argue against a stronger defense budget in 2020," Citi analyst Jonathan Raviv wrote last week.
U.S. defense stocks could again outperform in 2020 as the group typically does well in an election year, notes Buckingham's Richard Safran.
The S&P Aerospace & Defense Select ETF (NYSEARCA:XAR) has returned nearly 29% over the past year, even better than the 25% gain on the S&P 500 during the period.
"Let this serve as a WARNING that if Iran strikes any Americans, or American assets, we have targeted 52 Iranian sites (representing the 52 American hostages taken by Iran many years ago), some at a very high level & important to Iran & the Iranian culture, and those targets, and Iran itself, WILL BE HIT VERY FAST AND VERY HARD. The USA wants no more threats!" President Trump wrote on Twitter.
"The United States just spent Two Trillion Dollars on Military Equipment. We are the biggest and by far the BEST in the World! If Iran attacks an American Base, or any American, we will be sending some of that brand new beautiful equipment their way...and without hesitation!"
On Saturday evening, a rocket fell inside Baghdad’s heavily-fortified Green Zone near the U.S. Embassy, another hit the nearby Jadriya neighborhood and two more rockets were fired at the Balad air base north of the city, but no one was killed.
Increased military spending could make defense stocks a winning trade once again in 2020. The iShares U.S. Aerospace & Defense ETF (BATS:ITA) has rallied more than 70% since Trump was elected on Nov. 8, 2016, while the S&P 500 is up around 50% in that time.
As always, use protective stops and trade with caution.
Good luck to all!
Kratos Defence a buyEntry level $20.75 = Target price $24.25 = Stop loss $20.00
Rsi and Momentum in very strong uptrend
Huge volume spike .
MACD about to cross zero line, buy signal.
Kratos Defense & Security Solutions, Inc. engages in the provision of technology systems to the U.S. Department of Defense. It operates through the following segments: Kratos Government Solutions, Unmanned Systems and Public Safety & Security. The Kratos Government Solutions segment includes microwave electronic products, satellite communications, modular systems, and rocket support operating. The Unmanned Systems segment consists of unmanned aerial system and unmanned ground & seaborne system businesses. The Public Safety & Security segment provides independent integrated solutions for advanced homeland security, public safety, critical infrastructure and security & surveillance systems for government and commercial applications. The company was founded on December 19, 1994 and is headquartered in San Diego, CA.
Short $KTOS - 1D TFI shorted KTOS yesterday. 1D price closed below DC20 twice and daily MA50 is now crossing MA200.
TP above 1W MA200 which is currently above 11.66
SL if daily closes above daily MA50 and MA200 and DC200. Currently above 19.98. Looks to be a good probability trade.
Any comments are more than welcomed! Thank you and please trade carefully and with money you can afford to lose.
www.etoro.com
Kratos Drones are the future of warfare Kratos Defense & Security (KTOS +6.1%) flies higher after Goldman Sachs upgrades shares to Buy from Neutral with a $26 price target, raised from $24, saying 2020 is shaping up for a substantial growth acceleration for the company.
Goldman's Noah Poponak says KTOS's "multi-year, multi-program, strong long-term growth story is intact and approaching," while the shares are down 30% from a 52-week high, which provides a buying opportunity.
Beyond 2020, the company's organic revenue could grow in a 23%-30% range annually through 2023, Poponak says.
Source Seeking alpha
Company profile
Kratos Defense & Security Solutions, Inc. engages in the provision of technology systems to the U.S. Department of Defense. It operates through the following segments: Kratos Government Solutions, Unmanned Systems and Public Safety & Security. The Kratos Government Solutions segment includes microwave electronic products, satellite communications, modular systems, and rocket support operating. The Unmanned Systems segment consists of unmanned aerial system and unmanned ground & seaborne system businesses. The Public Safety & Security segment provides independent integrated solutions for advanced homeland security, public safety, critical infrastructure and security & surveillance systems for government and commercial applications. The company was founded on December 19, 1994 and is headquartered in San Diego, CA.