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Smith & Wesson Holding Corp Ready to Fire

#7 on the long list is SWHC, Smith & Wesson Holding Corp.  (NASDAQ:SWHC).  SWHC is a gun manufacturer and trades on the Nasdaq.  This stock moved down after its recent earnings announcement and moved right back up today.  We like the fact that anyone who was on the fence probably got shaken out of this stock yesterday and the longs left in are waiting for higher prices, setting the stage for a continued move up.  If the stock shoots past $10.15, we will look to buy it as an intra-day trade with a price target of $10.45.  Daily chart of SWHC is below:

Colin Macleod

Colin Macleod is a Professional Equities, Options, Futures, Momentum Day Trader & Entrepreneur.

Colin Macleod – who has written posts on Stock Market Basics.