Good buying opportunity on SWHCSWHC 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.
SWHC
SWHC Day Trade Gap N Go (Brad Reed Mar4,2015)SWHC expected to open at 14.37 for a Gap n Go (last candle bullish on the hourly chart). To learn to trade this strategy for free go to www.RealLifeTrading.com
SWHC Day Trade Retest Gap (Brad Reed Jan20,2015)SWHC expected to open at 11.05 for a Retest Gap. To learn to trade this morning for free go to www.RealLifeTrading.com
