Taser Rallies Off Major Contract With London Police

Taser International, Inc. TASR shares are trading higher by $1.22 at $19.46 in Tuesday's session. The catalyst for the rally is the announcement that the company has secured a contract to outfit 22,000 London Metropolitan police officers. After higher open, it attempted to reach the $20 level -- a level not seen since it peaked on November 9 at $20.25 -- but was turned back at $19.82. Profit-takers came in and pushed it under $19 until it found intra-day support at $18.78. The rebound has taken the issue into the mid $19 handle. Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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