Defense Stock Still Has More Room to Run

Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) stock was last seen down 1.1% to trade at $22.52, cooling off from the three-year peak of$23.18 it notched earlier. The security sports a 47.5% year-todate lead, with long-term support from its 200-day moving average containing multiple pullbacks this year. The even better news is that KTOS' peak comes amid low implied volatility (IV) -- a combination that usually precedes tailwinds. There were four times in the past five years when the stock was tradin ...