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Traders Abandon Ship on Shares of Taser International, Shares Down 2.9% (TASR)

Written on Thu, 07/29/2010 - 10:21am
By Chip Brian

Taser International (NASDAQ:TASR) is one of today's worst performing low-priced stocks, down 2.9% to $3.99 on 0.3x average daily volume. Approximately 273,000 shares have traded hands today vs. 30-day average volume of 892,000 shares.
High volume often signals a change in trends. Shares of Taser International are currently trading below their 50-day moving average (MA) of $4.12 and below their 200-day MA of $5.00.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Taser International is in SmarTrend's Aerospace/Defense industry and this industry is currently in a Downtrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
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 33.4% since the alert was issued.

Keywords: TASER International low priced stock

Ticker(s): TASR

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