Watch The Pre-Market Trade For Triggers
When momentum stocks are
active in the pre-market, they often
provide the same familiar patterns that one might find during normal trading
hours.
09:24:02
Ahead Of The Curve
Taser
(
TASR |
Quote |
Chart |
News |
PowerRating)
is trading up approximately 3 points in premarket trade at 117. This action
has the stock once again, notching fresh 52-week highs. On the 5-minute chart,
TASR has formed a symmetrical
triangle against the 8-period ema. Triggers for continuation longs might be
considered on a move thru 117.29 (pivot high), or the highs of the day of
117.60.
I’ll be the first to admit it–I was ‘shocked’ by
the price run out of the extended triangle, but not ‘stunned’–as this leading
law enforcement weapons maker has delivered the goods, time and time again.