AAXN pushes through prior session high
Axon Enterprise Inc. (AAXN) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
AAXN ended Thursday at 57.12 gaining $2.79 (5.14%) on high volume. Closing above Wednesday's high at 56.81, the market confirms its breakout through the prior session's high having traded $1.08 above it intraday.
Daily Candlestick Chart (AAXN as at May 17, 2018):
Thursday's trading range was $3.61 (6.53%), that's far above last trading month's daily average range of $2.05. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being way above average.
Prices are trading close to the key resistance level at 58.18.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Buying could accelerate should prices move above the close-by swing high at 58.18 where further buy stops might get activated.