Taser (TASR) is developing cameras for the police forces around the world. Here is the chart. The Relative Strength shown in purple is up trending and the SCTR is one of the best.The stock has consolidated for a year and is now breaking out on high volume.
What is nice about TASR is the unique niche it resides in is very profitable and they already have inroads with most police departments. Looks interesting here. Highly volatile.
Good trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of
Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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