NEW YORK (TheStreet) -- Taser International (TASR) shares are up 2.19% to $33.57 in afternoon trading on Tuesday and is the subject of today's Trifecta Stocks 'Chart of the Day' analysis.
Shares of the nonlethal law enforcement weapons manufacturer have traditionally spiked during times of civil unrest and the stock has performed well since reaching its bottom in March.
While the stock has performed well this year, analysts have a mean price target of $32 per share with a high of $35 per share and a low of $28 per share.
Insight from TheStreet's Research Team:
Here is what Trifecta Stocks Bryan Ashenburg and Bob Lang had to say about what the stock's chart can tell you about its future performance.
Taser International develops, manufactures and sells conducted electrical weapons (tasers) designed for use in law enforcement, military, corrections and personal defense.
TASR has been one of the best performing names since the beginning of the year, but specifically it has been on fire since bottoming in early March. Making a series of higher highs and higher lows, the stock is up nearly 65% on some pretty decent turnover along the way. There are a couple of gaps in the chart that are supportive price zones.
The recent pullback has created a small downward channel, but last week, TASR burst out on increasing volume. Notable is the move on Friday and Monday on a very weak market tape, which you can see in the good Relative Strength (arrow). The Moving Average Convergence Divergence is about to flash a buy signal here as well on a crossover.