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Smith & Wesson

Posted by StockBuz on November 18, 2014 at 6:01pm in Long Setups

SWHC broke it'd down trend and is now consolidating.  I had originally recommended buying a 1/3 size on October 29th.  If you added more on the test of support - great!   One could now call it a possible double bottom - we are seeing many of these double bottoms right now.

I'm long common with a first target of $11.50 (add back on tests of support) next target then gap fill an hold balance for a long swing, 6mos or more.  Stop below the October low

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Tags: smith and wesson stock, swhc, gun stocks
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