Taser Corp (TASR) is one of the most controversial stocks on the exchange. The maker of taser units for police forces worldwide rarely enjoys positive press. The company has been diversifying their product line and the stock is currently building a nice bullish triangle. Looking through the indicators, the SCTR is over 95% and has been there for months so that is a real strong indicator of a great stock. The relative strength shown in purple continues to push higher.
The MACD is really interesting here. After making a huge bullish run from July to December, the stock has paused for 60 days. The MACD has gently pulled back near zero and looks ready to turn up here. With the volume diminishing to a small roar, it looks like we are running out of sellers. This might be a stock that adds a little zap to your portfolio. Plan the trade, trade the plan.
Good trading,
Greg Schnell, CMT
