When (AXON) Moves Investors should Listen

March 30, 2024, 23:02 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AXON

• Buy AXON slightly over 302.66 target n/a stop loss @ 301.79. Details

The technical summary data tells us to buy AXON near 302.66, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 301.79 to protect against excessive loss in case the stock begins to move against the trade. 302.66 is the first level of support below 312.88, and by rule, any test of support is a buy signal. In this case, if support 302.66 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for AXON

• Buy AXON slightly over 315.38, target 321.18, Stop Loss @ 314.47 Details

If 315.38 begins to break higher, the technical summary data tells us to buy AXON just slightly over 315.38, with an upside target of 321.18. The data also tells us to set a stop loss @ 314.47 in case the stock turns against the trade. 315.38 is the first level of resistance above 312.88, and by rule, any break above resistance is a buy signal. In this case, 315.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXON slightly near 315.38, target 302.66, Stop Loss @ 316.29. Details

The technical summary data is suggesting a short of AXON if it tests 315.38 with a downside target of 302.66. We should have a stop loss in place at 316.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 315.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AXON

• Buy AXON slightly over 313.67, target 315.38, Stop Loss @ 312.94 Details

If 313.67 begins to break higher, the technical summary data tells us to buy AXON just slightly over 313.67, with an upside target of 315.38. The data also tells us to set a stop loss @ 312.94 in case the stock turns against the trade. 313.67 is the first level of resistance above 312.88, and by rule, any break above resistance is a buy signal. In this case, 313.67, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short AXON slightly near 313.67, target 302.66, Stop Loss @ 314.4. Details

The technical summary data is suggesting a short of AXON if it tests 313.67 with a downside target of 302.66. We should have a stop loss in place at 314.4 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 313.67, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Axon Enterprise Inc. (AXON) available here: AXON.

AXON Ratings for March 30:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	243.35
P2	313.67	315.38	272.64
P3	317.7	321.18	302.66

AI Generated Signals for AXON

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Axon Enterprise Inc. (NASDAQ: AXON) report below is a real world example. Included are trading plans for AXON, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.