Don't Ignore This Chart!

Has Taser Corp (TASR) Got Your Back?

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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

Announcement from the Author

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he 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 Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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