Body camera manufacturing company Digital Ally (NASDAQ:DGLY) has seen its stock make a strong move over the course of the past week and in that period; it has managed to run up gains of 18%.
One of the major triggers behind the rally in the Digital Ally stock came about yesterday after it emerged that a new policy from the federal government is going to require agents to have a body cam on their person at certain times. Hence, the rationale behind the rally in the stock yesterday is clear to see.
According to a report in a leading financial daily, law enforcement officers under the federal government will need to wear body cameras during the course of some particular operations. A memo from the Deputy Attorney General Lisa Monaco was cited in the report. In the past, these law enforcement officers had been barred from body cameras. Investors could consider putting the Digital Ally stock in their watch lists today.
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 18.1495 | Neutral | ATR14 | 0.1373 | |
| CCI20 | 358.7780 | OverBought | Chaikin Money Flow | 0.1743 | Buy |
| MACD | 0.0276 | Buy | Money Flow Index | 88.4058 | OverBought |
| ROC | 24.4186 | Buy | RSI | 71.7886 | OverBought |
| STOCH (14,3) | 84.1067 | OverBought | STOCH RSI | 1.0000 | OverBought |
| UO | 61.8884 | Buy | Williams %R | -15.8933 | OverBought |
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