Don't Jump the Gun With Axon Enterprise

Don't Jump the Gun With Axon Enterprise

In this daily bar chart of AAXN, below, we can see that prices have rallied strongly since November. The daily On-Balance-Volume (OBV) shows a rise from November that mirrors the price movement. The Moving Average Convergence Divergence (MACD) oscillator has turned down to a take-profits sell signal from a lower high, creating a bearish divergence when compared to the price action.