Defense Stock Looks Ready for Next Charge Higher

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) was last seen down 0.8% to trade at $75.99 at last check, having pulled back from its Oct. 9 record high of $112.57. The shares are still up 188.7% year over year, however, and recent losses have placed the equity near a trendline with historically bullish implications.Specifically, KTOS has pulled back to its 80-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White, the stock is within 0.75 of the trendline's 20-day average true ra ...