"AXON remains a top watchlist pick ahead of the election." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance Last Monday, I mentioned Axon (AXON) as one of my top watchlist picks heading into the 2024 Election. My reasoning was simple… AXON sells hardware and cloud-based software that enable law enforcement to capture, securely share and analyze video and other digital evidence. It even offers body cam footage for law enforcement officers – which is now becoming the norm for every tactical and first responder in the country. And unfortunately, recent political elections show violence is a real possibility. In the 2022 midterms, the speaker of the House of Representatives was targeted in an assassination attempt. Republican Presidential Candidate Donald Trump was also targeted by an armed shooter during his campaign rally in July. Due to this potential unrest heading into November, I forecasted AXON's stock would move up. And last Friday, almost on cue, we saw a nice pop on the company. As you'll see in the chart above, AXON made a strong move from the $400 mark all the way up to $418 as of Friday, Oct. 4. This is why AXON remains one of my top election plays heading into November. I closed AXON for a 9% winner in 1 trading day, and the recent great pop on Friday allowed one War Room member to exit for even higher profits. Here's what a few members had to say about the AXON trade this week… |
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