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Stock to Watch: Kratos Defense & Security Solutions Down 6.3% (KTOS)
Mar 13, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Kratos Defense & Security Solutions (NASDAQ:KTOS) is one of today's worst performing low-priced stocks, down 6.3% to $4.20 on 1.3x average daily volume. Thus far today, Kratos Defense & Security Solutions has traded 326,000 shares, vs. average volume of 260,000 shares per day. The stock has underperformed the Dow (-6.3% to the Dow's -0.1%) and underperformed the S&P 500 (-6.3% to the S&P's 0.0%) during today's trading.
There is potential upside of 116.7% for shares of Kratos Defense & Security Solutions based on a current price of $4.20 and an average consensus analyst price target of $9.10. The stock should find initial resistance at its 50-day moving average (MA) of $4.59 and further resistance at its 200-day MA of $5.09.
Kratos Defense & Security Solutions, Inc. operates as a defense contractor and security systems integrator for the federal government and for state and local agencies. The Company offers services in weapon systems lifecycle support, military weapon range, security and surveillance systems, IT engineering, etc.
In the past 52 weeks, Kratos Defense & Security Solutions share prices have been bracketed by a low of $4.08 and a high of $14.77 and are now at $4.20, 3% above that low price. The 200-day and 50-day moving averages have moved 0.22% lower and 0.67% lower over the past week, respectively.
SmarTrend is tracking the current trend status for Kratos Defense & Security Solutions and will alert subscribers who have KTOS in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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