New Trend Development for TASER International Inc. (TASR)
Published on 07/28/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- In today's trading session, the shares of TASER International Inc. crossed below the 50-day moving
average indicating a likely bearish trend. Recent activity signals that the shares may
continue to head lower in the foreseeable future assuming that the moving average
continues to rise with the price of the equity. Shares of TASR settled the day down $0.14 to
$4.11 on lighter than usual volume. Today, the stock price ranged between $4.05 and $4.28.
The stock's 52 week low is 3.5 and the 52 week high is 7.88.
Investor expectations change with time, and they often do so abruptly. The development of resistance levels is
probably the most noticeable and reoccurring event on price charts. The breaking through resistance levels can be
triggered by fundamental changes that are above or below investor's expectations. Based on the pivot points, the current support
and resistance levels for TASR are 4.01 and 4.24 respectively. If the support point price is broken in an downward movement, then the bearish trend is likely to continue and vice versa.
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