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July 19, 2016 Stock Pick: Digital Ally Inc. (DGLY)

Stock Price: $5.82

Digital Ally Inc. develops, manufactures and markets digital video imaging, audio recording and related storage products for use in law enforcement, homeland security and commercial applications.

With the rash of tragedies across the United States recently, it is not surprising that Digital Ally has been and is in play. DGLY gapped higher on July 8th, moving from a close of $4.13 on July 7th to a high of $7.23 on July 8th, and has begun to consolidate at its new level.

DGLY is now at a more comfortable level with an RSI of 61.80 down from an RSI of over 85. DGLY is no longer overbought, but it has the right amount of investor eyes on it where it can go to the next level soon again.

DGLY trades at a market cap of $30.55 million with revenue of $20 million for 2015. The company took a loss of $7.62 million. However, the company has products for In-Car Video, Body-Worn Video, Automatic Activation and Evidence Management, all hot areas right now in law enforcement.

Look for DGLY to step to the next level soon since it has consolidated of late. DGLY traded as high as $13.00 in the last year.

Speculative Score: 7

1 Being the Least Speculative and Most Confident

10 Being the Most Speculative and Possibly the Most Risky

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