Digital Ally, Inc. DGLY shares are trading higher by $0.32 (6.6 percent) at $5.73, but has backed off its early morning high of $6.10 in Friday's session. That level coincides with a series of six highs back in late September and early October from $6.07 to $6.10.
The catalyst is a ruling that allows for a probe into claims that Taser International TASR had attempted to bribe officials.
At this time, it has been a "sell the news" scenario as the issue is now drifting lower towards Thursday's closing price of $5.41.
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