Taser Revisits Late-February Highs

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.Taser International, Inc.TASR
shares were trading higher by $1.72 (6.8 percent) at $26.86 in Thursday's session. The catalyst for the rally is the announcement of an order from the city of London for 178 AXON body cameras. In addition, a recent police shooting in South Carolina has renewed interest in the companies products. After rallying in pre-market trading from Wednesday's close of $25.16 to the $26.20 level, the rally continued off the opening bell. The follow through off the open took the issue to $27.42 before falling back under $27.00. Related Link:
Police Body Cam Makers Higher On South Carolina Shooting Incident
That level is just shy of its February 25 high ($27.57), which represents the high before the issue tanked to $22.69 the following day. The catalyst for the steep decline on that day was weaker than expected Q4 earnings.

Posted In: Pre-market outlookTechnicalsIntraday UpdateMoversTrading Ideas

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