Long
Good buying opportunity on SWHC
SWHC climbed quite high in anticipation of a Clinton victory, primarily because gun sales surged as people anticipated a future with tighter gun control.
With that being said Trump is very 2nd amendment friendly, and long term could be great for this stock.
Another key thing to watch out for is an upcoming name change for the company. The companies new name would be "American Outdoor Brands Corp". While it will never have the ring to it like Smith and Wesson will, this name would reflect the companies holdings outside of firearms and could suite the company well.
I'll be watching this stock for a bit. Might go down a bit more this week, but I see a lot of potential here.
With that being said Trump is very 2nd amendment friendly, and long term could be great for this stock.
Another key thing to watch out for is an upcoming name change for the company. The companies new name would be "American Outdoor Brands Corp". While it will never have the ring to it like Smith and Wesson will, this name would reflect the companies holdings outside of firearms and could suite the company well.
I'll be watching this stock for a bit. Might go down a bit more this week, but I see a lot of potential here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.