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Downgrade Alert for Taser International (TASR)

By Nick Russo

Taser International (NASDAQ:TASR) was downgraded from Buy to Neutral at Ladenburg today. The stock closed yesterday at $24.29 on volume of 8.0 million shares, above average daily volume of 824,000.

Taser International, Inc. develops, assembles and markets less-lethal weapons for use in the law enforcement, private security, and personal defense markets.

Taser International has overhead space with shares priced $24.29, or 19.7% below the average consensus analyst price target of $30.25. The stock should discover initial support at its 200-day moving average (MA) of $20.11 and subsequent support at its 50-day MA of $18.78.

Taser International share prices have moved between a 52-week high of $35.95 and a 52-week low of $13.56 and closed yesterday at 79% above that low price at $24.29 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Taser International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Taser International in search of a potential trend change.

Keywords: analyst upgrades/downgrades TASER International

Ticker(s): TASR