Taser is moving this morning on news that a Department of Defense study by the Human Effects Center of Excellence concluded that TASER technology is generally effective without significant risk of unintended results, but obstacles remain. For one there are rumors of large lawsuits on the horizon as a result from deaths during Taser incidents. In addition, the company can expect competition over the next few years as competitors race to produce safer, more effective products in order to capture a piece of this growing field. Finally, the company will report earnings Tuesday which could create significant volatility for the stock. Despite the risks, signifant profit potential remains in the stock. Let’s take a look again at the chart. (See past posts regarding Taser for a more detailed look at the chart)<\/p>\n
You can see in the chart above that selling volume is once again drying up and Taser may be on the verge of a big shift to buyers. Look for a break above short term resistance at 40 with large volume as the signal for a potentially large move up, while a break below short term resistance at around 36 as a signal that the stock will need to spend more time basing. All eyes will be on the upcoming earnings report, which could be a catalyst for movement in either direction (see the post on why it’s a good idea to avoid holding a high risk stock through an earnings report).<\/p>\n
As always, please do your own research before making any buy or sell decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Taser is moving this morning on news that a Department of Defense study by the Human Effects Center of Excellence concluded that TASER technology is generally effective without significant risk of unintended results, but obstacles remain. For one there are rumors of large lawsuits on the horizon as a result from deaths during Taser incidents. … Continue reading TASR Review<\/span>