Editor's Note:

FYI: Another stock I'm watching is Humana (HUM). I seriously considered adding it as a new bullish play tonight. Traders may want to consider buying call LEAPS on it now. Of you could try and fine tune your entry point with a bounce near its 200-dma or a close over $50.00 (or the August high near $51).


TASER Intl. - TASR - close: 3.72 change: +0.14

Why We Like It:
As noted in our original watch list entry for TASR the company has been suffering from a slowdown in sales growth. More and more states and foreign countries are facing budget shortfalls so they are postponing buys and upgrades from companies like TASR. At under $4.00 a share I'm starting to think all the bad news has already been priced into this stock. Obviously it could get worse but the action this past week offers an attractive entry point. Shares of TASR declined toward its July lows and found support there. This bounce could be the beginning of a bullish double-bottom pattern. I'm suggesting we take advantage of the rebound and buy shares of TASR stock right now and place a stop loss under Wednesday's low of $3.52 (we'll use a stop at $3.45). Keep your positions small and if the rebound finds legs we can slowly add to positions. More conservative traders can keep an eye on short-term resistance near $3.80. If TASR fails at $3.80 you may want to consider an early exit to protect your capital. Our first long-term target is $4.90.

Company Info:

TASER International, Inc., is the global leader in the development of technologies that Protect Life and Protect Truth. More than 15,000 public safety agencies in 40 countries rely on TASER electronic control devices (ECDs) to help protect and serve. TASER innovations benefit individuals and families too; providing personal protection and accountability while maintaining regard for life. TASER is committed to bringing advanced solutions to market, like TASER AXON and EVIDENCE.com -- powerful evidence capturing and management platforms (source: company press release or website)

BUY the stock (TASR) now at current levels ($3.72) stop loss @ 3.45

Chart of TASR: