Axon - Chart Of The Day

The Barchart Chart of the Day belongs to Axon (AAXN) I found the Taser stock by using Barchart to sort a list of the fastest revenue growth stocks first by the Highest Weighted Alpha then by technical buy signals of 80% or more. Next, I used the Flipchart feature to review the charts for consistent price appreciation over the last 6 months. Since the Trend Spotter signaled a buy on 5/4 the stock gained 28.35%.

Axon Enterprise, Inc. engages in the development, manufacture, and sale of conducted electrical weapons for the law enforcement, federal, military, corrections, private security and personal defense markets. Its operating segment consists of TASER Weapons and Axon segments. TASER Weapons segment involves in the sale of conducted electrical weapons, accessories and other products and services. Axon segment focuses on devices, wearables, applications, cloud and mobile products. Axon Enterprise Inc., formerly known as TASER International Inc., is headquartered in Scottsdale, AZ.

 

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers are shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 124.94+ Weighted Alpha
  • 120.01% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 8 new highs and up 33.63% in the last month
  • Relative Strength Index 86.50%
  • Technical support level at 55.80
  • Recently traded at 56.94 with a 50 day moving average of 42.20

Fundamental factors:

  • Market Cap $3.06 billion
  • P/E 132.00
  • Revenue expected to grow 16.70% this year and another 16.40% next year
  • Earnings estimated to increase 59.30% this year, an additional 76.70% next year and continue to compound at an annual rate of 30.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 4 buy and 3 hold recommendations on the stock
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