TASER International, Inc. engages in the development, manufacture, and sale of conducted electrical weapons (CEWs) for use in law enforcement, federal, military, corrections, private security, and personal defense markets worldwide. Its CEWs transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system. The company manufactures four hand-held CEW product lines, including TASER X2, TASER X3, TASER X26, and TASER X26P; TASER eXtended Range Electronic Projectile, a self-contained wireless CEW that deploys from a 12-gauge pump-action shotgun; and TASER Shockwave security system that provides safety and stand-off capability during hostile situations. It also offers consumer products comprising TASER C2 CEW; various types of cartridges comprising standard cartridges, Smart cartridges, and training cartridges; and other accessories, such as batteries. In addition, the company provides video products, including TASER AXON camera system that captures devices and enhances transparency between law enforcement agencies and their communities; EVIDENCE.COM, a digital evidence management system and warehouse, which provides digital evidence management, sharing, analysis, and storage services.
To review TASER's stock, please take a look at the 1-year chart of TASR (TASER International, Inc.) below with my added notations:
TASR has formed a solid resistance at $18 (red), which would also be a 52-week high breakout if the stock could manage to close above it. In addition, the stock has been climbing a trendline of support (blue). These two levels combined have TASR sandwiched within a common chart pattern known as an ascending triangle. At some point, the stock will eventually have to break one of those two levels.
The Tale of the Tape: TASR has an up trending support and a 52-week resistance level to watch. A long trade could be made on a close above the $18 resistance. A break below the up trending support could be an opportunity to enter a short trade.
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