Axon Enterprise (AXON)

A momentum play that needs to work off an extreme valuation. It will happen at some point, then double-digit revenue growth will return.

They reported a messy quarter yesterday and got hammered 10% today. 

 It reports Tuesday. Is a long-term outperformer. Not for the squeamish, though.

It is a critical piece in public safety and leads to less invasive ways to apprehend people. It has done well and its valuation is somewhat extended. Provides hardware and training for law enforcement officers. There is room to grow globally The recurring part of their business is cartridges for tasers. They have to be refilled with their product. It can be volatile and a function of shifting policy. There is lots of enthusiasm for it but it is too expensive for them.

Has momentum, but has real earnings, so it's not a meme stock. Was upgraded today. He expects the price target to rise above current $884.

Has been a momentum stock the past 5 years while shifting from hardware to software with subscriptions boosting revenues. That's when this company shifted.

Great CEO. He wants to buy it, but shares keep running up. By 25% of what you want to buy on Monday, then wait for a pullback, but not at once. This hit an all-time high today.

Chart broke out, and is probably going to pull back to the breakout point (neckline). Don't want to see it break down back through support for any period of time, around $700. Spikes over a couple of days would be fine, but not if it stayed below for a week or more.

Tasers are only one part of its business. Their bodycam system is the gold standard and their AI help police process paperwork.