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Taser International(TASR - Get Report) is engaged in development, manufacture and sale of electronic control devices designed for use in the law enforcement, military, corrections, private security and personal defense markets. This stock is trading up 7.4% at $4.49 in recent trading.
Today's Range: $4.19-$4.50
52-Week Range: $3.55-$6.49
Three-Month Average Volume: 415,120
Shares of TASR are moving sharply higher today after JPMorgan upgraded the stock to neutral from underweight based on valuation. JPMorgan also slapped a $5 price target on the stock.
From a technical perspective, TASR is soaring higher today and breaking out above some near-term overhead resistance at $4.35 heavy volume.
Traders should now watch for TASR to sustain a
high-volume move and close back above its 50-day
moving average of $4.49 and its 200-day of $4.70 to signal that this stock wants to trend much higher. Look for volume on a move and close above those levels that's near or well above 415,120 shares.
If we get that action soon, then look for TASR to tag $5 to $5.50 in the near future.
Taser was also featured recently in "
12 Bargain Stocks With Insider Support."