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Tuesday, December 27, 2011

Time to Buy Kratos Defense & Security Solutions (KTOS)

After losing more than two third of its value for the year, shares of defense contractor  Kratos Defense & Security Solutions (KTOS) may about to begin a bullish cycle.  The company yesterday received three year contract worth $13 million and a week before received contract for US missile program worth $11 million.  

The stock is off the 52 week low of $4.61 per share and is on an uptrend trading at $6.1 per share.  The stock is trading right at 50 day moving average for a week and should the stock break the 50 day moving average it could see $8 in the coming quarter.