Trading in Axon Enterprise, Inc. (NASDAQ:AXON) was quiet on Thursday, following an 8.5% drop in the shares on Wednesday. The drop came after the stock broke support.There is a good chance the move lower will continue. This is why we have made it our Stock of the Day.Markets are driven by psychology. One result of this is the existence of what traders refer to as ‘psychological' levels.An example of this can be seen on the chart of Axon.In November 2024, the stock encountered resistance at the $700 level. Fr ...