Why Taser Is Gaining Momentum
George Chadwick submits:
For a company with so much bluster (hype) about 8 years ago, we were almost loathe to cover this one, let alone invest in it. With all the trappings of a trading vehicle, be prepared for a near-term ceiling. Nevertheless, the last ceiling provided a good triple or better on your money about 3 years ago.
So, worst case scenario, this formerly shilly-shally stock goes back below 5 yet again. The longer term technical picture as an underperformer has been eclipsed recently by a stair-stepping progression that forms one bull flag and another potential bull flag is in the making with a recently rising 200 day moving average, a technical sign of momentum.
Investing, Long Term Investment, stock market | admin March 14, 2010
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