$SWBI on Watch List for Swing Trade

2021年3月12日

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.

2021年3月18日

交易开始

Opened a 1/2 position @ 19.50 Stop below today's low of 18.48

2021年3月22日

交易手动结束

3/22 - I don't like the action on this especially the top wick on the day it broke out. I also gave this a little more room on the stop to see if it would work out. It has not, position closed @ $18.18 - Keep those losses small!