Thursday, July 08, 2010

Ouch!

Yowza! That's gotta smart if you're a Taser Inc. shareholder going long:
Taser International (NASDAQ:TASR) is one of today's worst performing low-priced stocks, down 2.1% to $3.71 on 0.2x average daily volume. Approximately 321,000 shares have traded hands today vs. 30-day average volume of 1.3 million shares.

High volume often signals a change in trends. Shares of Taser International are currently trading below their 50-day moving average (MA) of $4.36 and below their 200-day MA of $5.05. ...

SmarTrend is bearish on shares of Taser International and our subscribers were alerted to sell on March 29, 2010 at $5.99. The stock has fallen 38.1% since the alert was issued.