Apr. 1 at 8:40 PM
Pentagon ditching
$500K missiles for cheap mass-produced drones — this is a doctrine shift, not a headline 👀
$PPA ripping +3.20% to
$171.01 but still below SMA20 (
$172.58) and SMA50 (
$175.50). RSI 48 — not overbought.
$ITA.X +3.16% to
$225.66, same story: below both MAs, RSI 47. Room to run if momentum holds.
$AVAV is the wildcard — only +1.72% to
$186.19 but DOWN 23% QTD and RSI 37. Deep in oversold territory, trading well under SMA20 (
$205.67). Low-cost drone tailwind should favor them but chart is broken.
Watching
$PPA reclaim
$172.58 and
$ITA.X clear
$228.68 as confirmation.
$AVAV needs volume to reverse — not chasing yet.
#DefenseStocks #Drones #Trading
