"Taser International (NASDAQ: TASR), a maker of stun-guns used for police work, corrections, and personal defense" is a new trade from technician Melvin Pasternak in The Swing Trader.

On a split-adjusted basis, the stock peaked in the mid-$30s in 2004. The advisor notes, "Dogged by bad publicity about its guns, it declined to just above $5 per share in October 2005." The shares then rallied to the $11 range in the spring of 2006, he points out, and have been trading in a broad range between $6 and $10 since that time.

However, in late May, he notes, TASR "blew through important resistance just above $10 on volume about double normal weekly levels." In addition, he says, "This past week, the stock added to its gains and probed key resistance just above $11 before retreating." Volume, he adds, was again very strong.

For the more technically-inclined, the advisor explains that the stock has broken a relative strength downtrend line, and that line is "convincingly above its own moving average for the first time in many months." In addition, he notes that the stock's MACD is on a buy signal. With the shares breaking out of a multi-month base, he believes they are posted to move higher.

To determine the possible upside, the tecnician looks at the stock's base, which he notes it $3 in height. He says, "According to the measuring principle, the stock should now reach about $13 per share."

For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.