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Taser Firing On All Cylinders After Q4 Beat

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Axon's Big Move May Be Driven By Naked Short Covering
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TASER International, Inc.(NASDAQ: TASR) shares are trading higher by $2.04 at $19.52 in Monday's session. The catalyst for the rally is a Q4 beat for EPS of a nickel on $5 million more in revenues.

The rally from the premarket session carried over into its opening print, but after climbing another $0.17 it peaked at $20.69. Since making the high, some profit-takers came and pushed the issue to $19.47, before rebounding back to $20 area.

The issue has not closed over $20, since November 6, when it ended the session at $20.16.

Related Link: Taser Gains 11% Following Q4 Beat

Posted-In: Earnings News Technicals Intraday Update Movers Trading Ideas

 

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