• Chart of the Day: TASER International Inc. (TASR)

    by  • November 6, 2012 2:47 pm • Charts to Watch, Tony Venosa's Chart of the Day • 0 Comments

    Today’s chart is of TASER International Inc. (TASR) which develops, manufactures, and sells electronic control devices (ECD) for use in the law enforcement, military, corrections, private security, and personal defense markets.

    Ticker:  TASER International Inc. (TASR)

    Strategy:  Long Trade

    What I Am Looking At:

    • Impressive monthly chart showing multi-year basing action (indicating accumulation)
    • Major breakout could imply future long-term strength
    • Multi-year highs
    • Outperforming the broader market, up over 62 percent year-to-date
    • Big positive reaction to recently reported better-than-expected earnings report on 10/26
    • Short interest represents over 7 percent of the float
    • Short interest ratio: nearly 8 days to cover


    Tony Venosa, CMT is a Senior Options Strategist and works on the trading desk at Schaeffer’s Investment Research. He joined Schaeffer’s in 2010. He has worked in the finance industry for over 15 years. He began his career as a trading assistant in Chicago on the floor of the Chicago Mercantile Exchange. He later moved upstairs and worked as a commodities broker on both the retail and hedging side. He left the brokerage industry to begin his trading career as a proprietary equities trader at a Chicago firm. In 2000, Tony moved backed to his hometown and continued trading his personal account. He later went on to earn his Chartered Market Technician designation. He earned a B.S. in Finance from Miami University. Tony’s main focus is short-term directional option trading.


    Leave a Reply