Byrna Technologies (BYRN): Non-Lethal Defense Gains Popularity

Byrna Technologies, Inc. (BYRN) is a company focused on personal security, offering non-lethal self-defense products designed to keep people safe. Its flagship product, the Byrna launcher, provides an alternative to firearms, using CO2-powered rounds to deter threats. The company’s growth is driven by increasing demand for personal protection, expanding product lines, and growing consumer awareness of non-lethal defense options.

The stock chart recently showed a confirmation bar with increasing volume, moving into the momentum zone, which occurs when the price moves above the 0.236 Fibonacci level. This signals rising investor interest and potential for continued upward movement. Trailing stop losses can be set using Fibonacci levels with the Fibonacci snap tool, allowing traders to manage risk effectively while staying in the trend.