TASER International, Inc. (NASDAQ: TASR)
TASER International, Inc. (TASR), an electrical weapons and body worn camera company yesterday announced a deal with the London Metropolitan Police to outfit 22,000 officers with their axon body cameras.
TASR Technical Analysis
TASR gapped up in price yesterday to $19.48, up from the prior day’s close of $18.24, which is a 7% increase on the favorable news. Taking a look at the daily chart, we can see the last time TASR traded above this price level was on November 6th, when it closed at $20.19. Taking a further look back on the daily chart, we can see that TASR has been on an overall decline dating back to July 16th when it traded at $34.37. More recently, it has been on a steep decline starting on November 2nd when it traded at $23.88 and reached lows of $16.74 on November 17th, a 30% drop in price. The next possible resistance level for any move up would be $20.20 reached on November 6th. TASR has a float of 52.37 million shares and is trading right at the normal daily average volume. TASR did reach pre market highs of $20.50, but gave back $1.02 at the open, or equivalent to 5%. For trading purposes, my entry point would have been $19.50 looking for a run up to $20. My stop loss would have been $19.35, fearing anything below that and the stock would start to fill in the gap up.
Company Profile
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The companys CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. It offers three hand-held CEW product lines, including TASER X26P and TASER X2, which integrates with EVIDENCE.com; and TASER X26. The company also offers consumer products comprising TASER C2 CEW; smart cartridges, which communicate with the fire control system; standard cartridges that are used in CEW systems for warm and cold climates, training scenarios, and tactical situations; and training cartridges, which allow law enforcement, military, and corrections trainers to use the cartridge during training, as well as other accessories, such as standard replacement and modified batteries. In addition, it provides video products, including AXON camera system that utilizes advanced audio-video record and capture devices worn by first responders to record the video and audio of critical incidents from the visual perspective of the officer; the AXON body camera, a body worn camera for law enforcement; EVIDENCE.COM, a cloud-based digital evidence management system and warehouse, offering digital evidence management, sharing, analysis, and storage; and the TASER Cam HD, a video recording device that captures video and audio of potential and actual TASER use incidents as an accessory to a TASER CEW. The company sells its products to law enforcement, federal, military, corrections, private security, and personal defense markets through its direct sales force, distribution partners, online store, and third-party resellers. TASER International, Inc. was founded in 1993 and is headquartered in Scottsdale, Arizona. Yahoo Finance