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Taser Surrenders Some Of Early Gains After Q3 Beat

TASER International, Inc. NASDAQTASR shares are trading higher by $2.70 (11 percent) at $26.38 in Thursday's session. The catalyst for the explosive rally is a Q3 beat of a penny along with a nearly $13 million beat for revenues.

After a higher open, it continued in that direction reaching $28.00 before reversing course. That marks the highest level since September 30, when it peaked at $28.99.

The ensuing decline has found support well ahead of the top of Wednesday's range ($24.09) as $25.81 stands as the current low.

Since making that low, the rebound rally has been capped at $26.49 as of 11:22 a.m. ET.

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