Long Position on AAXN @ $43.10 on 4/13/2018 (Momentum)

Bullish cup and handle on $AAXNAxon Enterprise, Inc. (AAXN) develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide.

The company operates through two segments, TASER Weapons, and Software and Sensors.

It offers TASER X26P and TASER X2 smart weapons for law enforcement; consumer CEWs; and replacement cartridges and consumables, as well as performance power magazines.

The company also provides Axon Body 2; Axon Flex 2 that builds upon the Axon Flex camera system; Axon Fleet, an in-car video system; Axon Dock, a camera charging station; TASER Cam HD, a recording device; Axon Signal, a technology; and Signal Sidearm, a device compatible with firearm holsters.

In addition, it offers Evidence.com, a cloud-based digital evidence management system that allows agencies to store data and enables new workflows for managing and sharing that data; Evidence Sync, a desktop-based application that enables evidence to be uploaded to Evidence.com; and Commander, an on-premise application that consolidates customer's digital evidence in one secure location.

Further, the company provides Axon Citizen, a mobile application that offers a public safety portal, where community members can submit photos and videos of an incident; Axon Capture, a mobile application to allow officers to capture digital evidence from the field; Axon View, a mobile application to provide instant playback of unfolding events; and Axon Interview, a recording system designed for the interview room.

Axon Enterprise, Inc. sells its products to military forces, private security, correctional facilities, and consumer personal protection markets, as well as to federal, state, and local law enforcement agencies through its direct sales force, distribution partners, online store, and third-party resellers. 

Shares have formed a bullish a "cup and handle" and higher share prices are expected for this stock. The 50-day moving average is shown in brown.

Entry Point: $43.10

52-Weeks Trading Range: $20.57 - $44.06

Stop Loss: $40.85

Target Price: $47.40

Updates

5/9/2018 9:40:28 AM

AAXN closed at $53.50

5/9/2018 9:40:29 AM

AAXN closed at $53.50

Position closed on 5/9/2018 at price of $53.50 with a 24.13% gain in 26 days.

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