Monday, February 14, 2005

An obvious attempt to try to stop the bleeding

In case you've been under a rock, Taser's (TASR) stock price has been plummeting from a high of 33.45 on 12/30 to a low of 13.05 on Friday 2/11.
Taser International Inc. Monday announced three follow-on orders for its Taser X26 stun guns from Pima County Sheriff officials, El Paso, Texas, Police and an undisclosed police unit. [Latest news from The Business Journal of Phoenix]
It seems to be working, it's trading between 14.02 and 15.15 today. Of course resistance is at about 15.15 based on a downtrend line from the high so don't expect much unless it can close above that line for a couple of days. I don't see that happening yes as the RSI is still riding above the 30 mark indicating that there is still room to move down further.

This post is not to be construed as a recommendation of any kind and is meant for educational purposes only

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