Malcolm Ethridge, Mgn. partner, Capital Area Planning Group
Axon Enterprise
AXON-Q
BUY
Aug 06, 2025
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.
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.
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.
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.