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Hit New Highs With Streak of Big Volume-Driven Gains - Friday, January 15, 2021
Axon Enterprise Inc's (AAXN) is very extended from any sound base, having rallied abruptly for new all-time highs well above its "max buy" level with 4 consecutive volume-driven gains. The prior high ($134) defines initial support to watch. It found prompt support near its 50-day moving average (DMA) line ($125) during the recent consolidation.
AAXN was last shown in this FSU section on 12/23/20 with an annotated graph under the headline, "New All-Time High With Today's 5th Consecutive Gain". Its color code was recently changed to yellow after a 4-week square box base pattern was noted. Members were reminded - "A solid gain and close above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal."
AAXN completed a new Pubic Offering on 6/17/20. Such offerings often hinder price progress temporarily, yet they help companies attract greater institutional ownership interest (I criteria). The company has a small supply of only 63.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 573 in Dec '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of B and an Accumulation/Distribution Rating of A. The Security/Safety industry group currently has a Group Relative Strength Rating of B (63).
Fundamentals remain strong. Bullish action has followed after AAXN reported Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period. Four of the past 5 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 85 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
New All-Time High With Today's 5th Consecutive Gain - Wednesday, December 23, 2020
Axon Enterprise Inc's (AAXN +$3.33 or +2.59% to $131.83) hit a new all-time high with average volume behind today's 5th consecutive gain. Its color code was recently changed to yellow after a 4-week square box base pattern was noted. Members were reminded - "A solid gain and close above the pivot point backed by at least +40% above average volume may trigger a new (or add-on) technical buy signal." Its 50-day moving average (DMA) line ($117) defines near term support to watch on pullbacks.
Bullish action has followed after AAXN reported Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period. AAXN was last shown in this FSU section on 12/03/20 with an annotated graph under the headline, "Volume Totals Cooling While Hovering Near All-Time High". It was highlighted in yellow in the 11/06/20 mid-day report (read here) while hitting a new all-time high with a "breakaway gap" and volume-driven gain triggering a technical buy signal.
Bullish action has followed after AAXN reported Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period. AAXN was last shown in this FSU section on 12/03/20 with an annotated graph under the headline, "Volume Totals Cooling While Hovering Near All-Time High". It was highlighted in yellow in the 11/06/20 mid-day report (read here) while hitting a new all-time high with a "breakaway gap" and volume-driven gain triggering a technical buy signal.
AAXN completed a new Pubic Offering on 6/17/20. Such offerings often hinder price progress temporarily, yet they help companies attract greater institutional ownership interest (I criteria). The company has a small supply of only 63.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 572 in Sep '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of B and an Accumulation/Distribution Rating of B+. The Security/Safety industry group currently has a Group Relative Strength Rating of C- (43).
The Jun '20 quarterly comparison was a one cent per share loss versus 14 cent per share gain on +26% sales revenues, a noted blemish on its otherwise strong record. The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 86 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
Volume Totals Cooling While Hovering Near All-Time High - Thursday, December 3, 2020
Axon Enterprise Inc's (AAXN -$0.07 or -0.06% to $123.85) is perched near its all time high with volume totals cooling. It recently wedged to new high territory with gains lacking volume conviction. It broke out of a cup-with-high-handle base with volume drying up during the handle.
AAXN was last shown in this FSU section on 11/06/20 with an annotated graph under the headline, "Breakaway Gap From Cup-With-High-Handle Pattern". It was highlighted in yellow in the 11/06/20 mid-day report (read here) while hitting a new all-time high with a "breakaway gap" and volume-driven gain triggering a technical buy signal. Bullish action came after reporting Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period.
AAXN completed a new Pubic Offering on 6/17/20. Such offerings often hinder price progress temporarily, yet they help companies attract greater institutional ownership interest (I criteria). AAXN was first highlighted in yellow in the 5/08/20 mid-day report with pivot point cited based upon its 2/19/20 high plus 10 cents (read here). AAXN found support at its 200 DMA line during the consolidation after dropped from the Featured Stocks list on 7/28/20.
The company has a small supply of only 63.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 574 in Sep '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of B and an Accumulation/Distribution Rating of A-. The Security/Safety industry group currently has a Group Relative Strength Rating of B- (59).
The Jun '20 quarterly comparison was a one cent per share loss versus 14 cent per share gain on +26% sales revenues, a noted blemish on its otherwise strong record. The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 86 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
Breakaway Gap From Cup-With-High-Handle Pattern - Friday, November 6, 2020
Axon Enterprise Inc's (AAXN +$14.09 or +12.99% to $122.59) color code was changed to yellow when highlighted in the earlier mid-day report (read here) while hitting a new all-time high today with a "breakaway gap" and volume-driven gain triggering a technical buy signal. Bullish action came after reporting Sep '20 quarterly earnings +43% on +27% sales revenues versus the year ago period. It formed a cup-with-high-handle base with volume drying up during the handle.
AAXN completed a new Pubic Offering on 6/17/20. Such offerings often hinder price progress temporarily, yet they help companies attract greater institutional ownership interest (I criteria). AAXN was first highlighted in yellow in the 5/08/20 mid-day report with pivot point cited based upon its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 7/14/20 with an annotated graph under the headline, "Managed Positive Reversal After Testing 50-Day Moving Average". AAXN found support at its 200 DMA line during the consolidation after dropped from the Featured Stocks list on 7/28/20.
The company has a small supply of only 63.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 572 in Sep '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of C and an Accumulation/Distribution Rating of A-. The Security/Safety industry group currently has a Group Relative Strength Rating of C (40).
The Jun '20 quarterly comparison was a one cent per share loss versus 14 cent per share gain on +26% sales revenues, a noted blemish on its otherwise strong record. The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 86 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
Managed Positive Reversal After Testing 50-Day Moving Average - Tuesday, July 14, 2020
Axon Enterprise Inc (AAXN +$2.06 or +2.27% to $92.83) managed a "positive reversal" today after slumping near its 50-day moving average (DMA) line ($87.75) today. Its color code was changed to yellow after slumping below its "max buy" level with a big loss on light volume. It undercut prior highs in the $90-91 area but found prompt support. More damaging losses would raise concerns and trigger a worrisome technical sell signal.
AAXN completed a new Pubic Offering on 6/17/20. Such offerings often hinder price progress temporarily, yet they help companies attract greater institutional ownership interest (I criteria). AAXN was highlighted in yellow in the 5/08/20 mid-day report with pivot point cited based upon its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 6/19/20 with an annotated graph under the headline, "Completed New Pubic Offering and Found Support Near Prior High".
The company has a small supply of only 63 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 468 in Jun '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of A and an Accumulation/Distribution Rating of B-. The Security/Safety industry group currently has a Group Relative Strength Rating of A- (81).
The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 98 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
Completed New Pubic Offering and Found Support Near Prior High - Friday, June 19, 2020
Axon Enterprise Inc (AAXN -$1.69 or -1.84% to $90.12) completed a new Pubic Offering on 6/17/20. Such offerings often hinder price progress temporarily, yet they help companies attract greater institutional ownership interest (I criteria). The prior highs in the $90-91 area have acted as support following a powerful breakout. More damaging losses would raise greater concerns and trigger a technical sell signal. Its 50-day moving average (DMA) line ($80.56) defines the next important support.
AAXN was highlighted in yellow in the 5/08/20 mid-day report with pivot point cited based upon its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 5/28/20 with an annotated graph under the headline, "Quietly Slumping Near 50-Day Moving Average Line".
The company has a small supply of only 59.8 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 450 in Mar '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of B and an Accumulation/Distribution Rating of D. The Security/Safety industry group currently has a Group Relative Strength Rating of A (86).
The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 98 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
Quietly Slumping Near 50-Day Moving Average Line - Thursday, May 28, 2020
Axon Enterprise Inc (AAXN -$2.50 or -3.30% to $73.20) has been quietly pulling back and testing its 50-day moving average (DMA) line ($72) which defines important near-term support. More damaging losses would raise greater concerns and trigger a technical sell signal. A rebound and subsequent volume-driven gains above the pivot point are still needed to trigger a technical buy signal.
AAXN stalled after highlighted in yellow in the 5/08/20 mid-day report with pivot point cited based upon its 2/19/20 high plus 10 cents (read here). It was last shown in this FSU section on 5/12/20 with an annotated graph under the headline, "Security/Safety Firm Perched Near 52-Week High After Gap Up".
The company has a small supply of only 59.8 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 444 in Mar '20, a reassuring sign concerning the I criteria. AAXN has a Timeliness Rating of B and an Accumulation/Distribution Rating of C-. The Security/Safety industry group currently has a Group Relative Strength Rating of B (63).
The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 98 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com
Security/Safety Firm Perched Near 52-Week High After Gap Up - Tuesday, May 12, 2020
Axon Enterprise Inc (AAXN -$1.44 or -1.70% to $83.48) remains perched near its 52-week high with volume totals cooling. It finished strong after highlighted in yellow in the 5/08/20 mid-day report with pivot point cited based upon its 2/19/20 high plus 10 cents (read here). Subsequent volume-driven gains above the pivot point are needed to trigger a technical buy signal.
The company has a small supply of only 59.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 437 in Mar '20, a reassuring sign concerning the I criteria. AAXN has a Timelines Rating of A and an Accumulation/Distribution Rating of B-. The Security/Safety industry group currently has a Group Relative Strength Rating of B+ (74).
The company has a small supply of only 59.5 million shares outstanding (S criteria) which can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 400 in Sep '19 to 437 in Mar '20, a reassuring sign concerning the I criteria. AAXN has a Timelines Rating of A and an Accumulation/Distribution Rating of B-. The Security/Safety industry group currently has a Group Relative Strength Rating of B+ (74).
The Sep, Dec '19 and Mar '20 quarterly comparisons versus the year ago periods showed earnings increases above the +25% minimum guideline (C criteria) with strong underlying sales revenues increases. Its annual earnings (A criteria) history has also been strong, helping it get a 98 Earnings Per Share Rating.
Charts courtesy www.stockcharts.com