Summer is Going Out with a Bang, Literally

After an impressive earnings beat, the maker of iconic Smith & Wesson firearms, AOBC, is higher by more than 33% as I write this. In addition, peer RGR is up roughly 5.4%. 

Indeed, it has been a rather quiet couple of quarters for AOBC RGR as the Trump Administration is not perceived as a threat in any way to gun control, and the sleepy stock price action confirmed as much. 

But underlying demand is clearly present as both stocks surge, and we out not forgot about Taser as an offshoot of shorts to the firearms plays. 

TASR now trades under ticker AAXN, which is sporting an attractive weekly chart, below, after waking up around March. The uptrend has been off the radar of most traders, but it is showing no signs of slowing down. 

In fact, AAXN is a much better overall chart than both AOBC and RGR, including a tight daily chart, to boot.

With a move back over $68 I view AAXN as an actionable long as many things firearm-related finish out summer trading with a bang today.