11/25

Traders Eye Axon as Potential Breakout Play Despite Slight Dip #Reddit

Axon Enterprise, Inc. (AXON) is experiencing a slight decline of 0.97% as of 10:05 AM on November 25, 2024, with the stock trading at $630.79. The stock opened at $639.54 and has seen a high of $639.99 and a low of $625.46 today. There is no specific news reported today to explain the stock's movement.

On Reddit, discussions about Axon are focused on its potential as a strong trade setup for the week. One user highlighted Axon as a "defense name that continues to be one I would watch into this week as a trade setup," noting its recent breakout above horizontal resistance. Another user included Axon in a curated watchlist for the week, emphasizing the importance of confirmation for trade setups, especially during a typically low-volume Thanksgiving week. The sentiment is generally positive, with traders looking for potential upside in Axon's stock price. As one user put it, "Positioning strong."