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SMITH AND WESSON BRANDS INC COM USD0.001SS

SMITH AND WESSON BRANDS INC COM USD0.001

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0HEM trade ideas

$SWBI on Watch List for Swing Trade$SWBI beat on both earnings and revenue but could not buck the market which speaks to weak RS. However, with the earnings beat I would think this should bounce back. This would only be a swing trade for me as I'm sure possible future regulation changes weigh on it's valuation. I have an alert set at $19.40. If it can get over that price I'll look for a good entry and look for it to test recent highs which could be good for a 2 to 3 point gain. All TBD. Here are the earnings as reported by Earnings Whisper: Smith & Wesson Brands (SWBI) reported 3rd Quarter January 2021 earnings of $1.12 per share on revenue of $257.6 million. The consensus earnings estimate was $0.82 per share on revenue of $236.7 million. The Earnings Whisper number was $0.91 per share. Revenue grew 54.6% on a year-over-year basis.
NLong
by jaxdog
SWBI time to take profit?Per my last longer term SWBI chart (linked below), we are on the back side of a beautiful W. Targets for tomorrows price action are the intersections of the free-hand lines (green and red) with the channel lines (yellow). This one could go either way but is likely to be full of volume to the downside considering the recent 6 month run up in price. Historically, when the government scares people with anti-gun talk, people buy guns and send speculative values in the stock market on a run. I personally think the fundamentals are different considering EVERYONE just bought 3 guns in 2020, along with all the ammo and reloading supplies the world had to offer. In short, there is no longer a crazy demand and the supply was already beaten down. If anything, the next stimulus gets kiboshed and everyone that bought their first gun in 2020 starts pawning what they have the least use for. Pawnshops are about to have some badass inventory!
NShort
by rolledchange