AXON 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.
Axon 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 cents ahead of estimates and up 70% from a year ago. Revenue grew...
Since 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.
Quantitative 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.
• Increased rates and the changing nature of crime are major drivers...
When 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 analysis. No due diligence or fundamental analysis was performed while...
Not 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.
I 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 the first target at the 1.272. Needs support of the broader market...
THE 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 best option for the bulls but is not bearish for now. Only a...
Calm open tonight on the futures.
Not seeing lots of quality setup to probably just see how things progresses tomorrow.
$AXON looks tight on its 50 MA but supply just a bit above make it hard to jump in.
Maybe tiny bit and build it up as it chew through that supply.
Axon Enterprise, Inc. develops, manufactures, and sells conducted energy weapons (CEWs) under the TASER brand in the United States and internationally. It operates through two segments, TASER and Software and Sensors. The company offers TASER X26P, TASER X2, TASER 7, and TASER Pulse CEWs; and related cartridges. It also provides on-officer body cameras and Axon...
Strong results and move setting up similar to $CAR though not as much short interest so stops should be tight. Looking at the chart if $198.50 holds or gets reclaimed after initial flush then can target move beyond previous highs of $212.50
$AXON love the big 9 month base (zoom out on your chart to see it).
Starting to form a nice right said of its base.
would've liked 4 the vol pattern to be a bit stronger but with large bases, its not unnatural.
couple tighting (orange bars) will make for a low risk entry
