I don’t usually blog stocks that I am sending out alerts on, but today I will make an exception.  Last night, I sent out an alert to our subscribers about COPsync, Inc. (COYN).  I am not going to regurgitate what I wrote in our alert.  I may recap a few things, but I want to give a fresh perspective.  Email me and I will forward the alert to you - editor@investorsoup.com

What do they do?

COYN is a company that has a software product they are selling to the law enforcement community nationwide.  The software is a data solution that has the ability to collect 100% of an officer’s activity in an electronic format – at the point of incident – creating the ability to share this same date – real time – regardless of agency or their existing technology.  Here is COPsync’s website, so you can check it out yourself.  www.copsync.com

Why should I care?

According to the company, they are the only software solution in the marketplace that can provide the functionality that they do.  Already, COYN has sold their solution into over 200 agencies, departments and jurisdictions.  The other fact that I am excited about is what we called in my venture capital past:  Barriers to Entry.  To be the first to market with a product and to have it successfully adopted (which COYN is in the process of doing) gives COYN a real competitive advantage.  They are also a “neutral”product in the sense that they are not replacing all of the software that is currently in the market (Record Management, Jail Management, Dispatch or other law enforcement software), but instead they are partnering with these mfgrs. to integrate COYN’s software with them.

Did I also mention that they are generating revenues?  They estimate that they will generate $350K in Q2 of 2009 and will almost double that for Q3.  They have only sold into the tip of the iceberg (mainly Texas which is their backyard) and are working to open many more markets.

What does the chart say!

The stock is trading below both the 50 and 200 MA and near the bottom of the bollinger bands.  Stochastics indicate that buying activity has increased and the angle indicates bullishness.  Having come off by almost 50% from its high of just two months ago, it looks like it could fly.  Resistance levels are numerous.  From the chart, you could say there are resistance levels at every 5 cent increment all the way up to 65 cents.  The MACD is below the zero line, but appears to be turning.  It will turn fast if this stock takes off!

This is a stock that is worth keeping on your trading radar.