KRATOS DEFENSE & SECURITY SOLUTIONS HAS MATASII GAINS OF 67%
Business Summary (yahoo Finance)
Defense & Security Solutions, Inc. provides mission critical products, solutions, and services primarily for the Government and commercial customers. The company operates through three segments, Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products; satellite communications; technical and training solutions; modular systems; and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial, ground, seaborne and command, control, and communications systems. The Public Safety & Security segment offers integrated solutions for homeland security, public safety, and critical infrastructure, as well as security and surveillance systems. This segment serves critical infrastructure, power generation, power transport, nuclear energy, financial, IT, healthcare, education, transportation, and petro-chemical industries, as well as government and military customers. The company was founded in 1994 and is headquartered in San Diego, California.
CURRENT CHART: As of CLOSE 02-01-19
KRATOS Defense & Security Solutions has had a great run. It was up another 2.7% over the last week for a total gain since the MATASII Long Trigger at $9.20.
MATASII WATCH LIST TRIGGERS - GAINS: 67.39%
MATASII SII ORIGINAL ANALYSIS: KTOS Technical Update January 11th, 2017
This $7.00 stock was once over $1,600.00 (March 2000). More recently, we can see a potential long term wedge pattern on the weekly that formed in 2016 and has broken out to the positive. Significant resistance can be seen above the market (blue s/r zone): breaking through this could see a lift to the next significant levels around $14.50. Note the potential resistance around $12.00.
It would also be normal market movement to see a retest of the wedge pattern that has been broken out of. Note that there is also an unfilled gap around $4.55. A drop to retest the wedge s/r would fill this. Currently sitting on a blue s/r zone, lower movement is risky as the gap does not have to fill and the pattern does not have to be retested - support could be found at any technical. Waiting for a break out of the bottom of the blue s/r zone ($8.80) offers less risk for a potential move under $4.55 ($4.00 to retest pattern).