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Stock Investors Sell Off Shares of Taser International, Down 1.7%

Published on Fri, 06/14/2013 - 13:40
By Mallory Stone

Taser International (NASDAQ:TASR) is a company whose shares are active, trading 1.7% lower to $9.25. The Dow Jones Industrial Average is now trading 0.4% lower to 15,111 and the S&P is trading 0.3% lower to 1,632.

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

There is potential upside of 18.9% for shares of Taser International based on a current price of $9.25 and an average consensus analyst price target of $11.00. The stock should discover initial support at its 50-day moving average (MA) of $8.77 and subsequent support at its 200-day MA of $7.87.

Taser International share prices have moved between a 52-week high of $9.80 and a 52-week low of $4.60 and are now trading 101% above that low price at $9.25 per share. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.7%.

By Mallory Stone