Defense Stock Could See Prolonged Tailwinds
Kratos Defense & Security Solutions(KTOS) schaeffersresearch.com·2024-05-22 01:44
Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) stock was last seen up 0.5% at $21.76, pacing for a third-straight daily gain after earlier surging to a fresh two-year high of $22.03. The shares already boast a 54.9% year-over-year lead, and now a historically bullish signal points to prolonged tailwinds ahead.Today's peak comes amid historically low implied volatility (IV), which has been a bullish combination for the stock in the past. Per Schaeffer's Senior Quantitative Analyst Rocky White, there w ...