$AXON popping out of a wedgeAXON stock popping out of a trendline after retracement or pull back. Remember it is at its All Time High (ATH) stock must be performing well due to its fundamentals.
Key stats
About Axon Enterprise, Inc.
Sector
Industry
CEO
Patrick W. Smith
Website
Headquarters
Scottsdale
Founded
1993
ISIN
BRA2XOBDR004
FIGI
BBG014XHW4B0
Axon Enterprise, Inc. engages in the development, manufacture, and sale of conducted electrical weapons for personal defense. It operates through the TASER segment and Software and Sensors segment. The TASER segment sells conducted electrical weapons, accessories, and other related products and services. The Software and Sensors segment includes devices, wearables, applications, cloud, and mobile products. The company was founded by Patrick W. Smith and Thomas P. Smith on September 7, 1993 and is headquartered in Scottsdale, AZ.
Axon Shoots Prior To Generative AI Prototype NewsAxon Enterprise (AXON), the supplier of Tasers, body cameras and cloud-based software to law enforcement, blew past third-quarter earnings estimates This week. Axon stock rose back into buy range ahead of Wednesday's open.
Axon Earnings
Results: Axon reported Q3 adjusted EPS of $1.02. That was 26 c
Turning UpSince last Monday the stock knew the way down only. But after a new low yesterday it seems that the market is preparing for a correction. If the EMA can be exceeded then a good Fibonacci retracement is possible.
Rising need for innovative law enforcement solutions. AXON longQuantitative Analysis
• Earnings growth positive and above sector average
• Stock P/E on a premium to sector and positive
• Global Law Enforcement Software Market size is expected to grow from USD 16.4 billion in 2023 to USD 25.6 billion by 2028, according to a new report by Marketsand Markets.
• In
AXON Entry, Volume, Target, Stop, ResistanceWhen price clears: 229.00
With average or better daily volume
Target: 268.00 area
Depending on your risk tolerance: 216.00 gets you 3/1 Risk/Reward.
Resistance: Near all time highs, clear skies above.
This trade idea is not trade advice. This idea is strictly based on my ideas and technical analy
$AXON Setting UpAXON has been a long time RS Leading stock. Nice tight range here with a narrow range setting up long.
$AXON tight at 21 EMANot signs of selling subsiding so might not be wise to come out yet but $AXON looking tight here pulling back to 21 EMA.
If you have to do something tomorrow, might be worth a low risk shot.
AXON Long IdeaI like AXON on a pull back to the box with targets at the Fib extensions above. No longer interested if price falls below the box. Breaking out now so an aggressive trader may want to enter right away for a quick pop into 230/235, but the stock is extended and that entry would not give great r/r to
AXON daily possible bullish moves but need to consolidate firstTHE CONSISTENT TRADES analyze AXON as a bullish /strong fundamental stock and therefore would be traded only in a long position.
AXON had two very strong weeks behind itself. Price found resistance at the recent top and start to consolidate on this level.
Volume is increasing which is not the bes
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