During a time when more and more people are calling for heightened law enforcement accountability, one apparent solution that seems to be gaining traction among citizens as well as civil servants is outfitting police with body cameras to continuously record their on-duty activity. On Wednesday, TASR announced that one department has made the move to full implementation with a large order (see PR below).
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We want to continue to monitor the stock, as it hit new 52-week highs on Wednesday, and is gapping up in premarket trading today. It will be interesting to follow this play, especially if more and more agencies make the move to body cameras, as TASER is already a trusted name in the field, and could fill a lot of that demand.
SEATTLE, WA–(Marketwired – Nov 26, 2014) – TASER International (NASDAQ: TASR) today announced the purchase of 623 AXON body-worn video cameras and a five-year subscription to EVIDENCE.com by the Winston-Salem Police Department. This order was received in the fourth quarter of 2014 and is expected to ship in the fourth quarter of 2014. >> FULL PR
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Side Note – TASR Options
Given the current scenario with the chart in blue sky territory, we’ll be on the lookout for a dip-and-rip setup, and in that event we’ll be focusing on the 12/20 $21 & $22 Calls for possible intraday flip opportunities during today’s short session.
Extended Watchlist:
VRNG, REDG (News), AVIX