99% of my portfolio is in on this one, call me biased. The real fun would be had in writing calls...
Bought some 11/20 $15 calls pd $1.20 and some 6/18/2021 $17.5 CALLS pd $3.10
I'm not sure this is a good thing, but this gun maker looks like it wants to breakout. Long above the box to dotted line targets. Was moving in the opposite direction of the market today. I will not enter unless price clears the top of the box on volume. Trade is dead with a close below the box.
I thought they were bought to protect your business from rampant thugs????
trading off the 10 & 20 EMAs, the daily is about to confirm the retest and signal an uptrend on the daily (green candle closing above the EMA cloud with the 10 over the 20) which could easily invalidate the idea published here: breaking down the right side of the blue "M". If the "M" does play our as depicted, it will simply paint a larger "W" with an upside...
We can see a Sym triangle and a possible HnS forming. Gun sales at an all time high. Good time to buy and hold and for options I would wait for neckline break to confirm entry.
With the election coming up, it is hard to imagine any other scenario besides a blowout. Regardless of your own political beliefs, Democrats are outnumbering Republicans in early voting which is objectively a huge advantage. Democrats seem to be motivated on removing Trump, and it is showing with the surge in voter registrations and early votes cast. With that...
See the chart for upside and downside targets.
Holding the current trend on the 15 min chart, moving higher in the channel. Possible that the election cycle has more people hoping for a 2016 repeat in SWBI. BE CAREFUL, Could very easily crumble back to $15.00 by the end of November for a retest of the 10&20 EMA from the daily chart, if the election cycle doesn't push the demand higher.
should move back to the bottom side of the channel in the short term, allowing for the next leg up in the long term.
SWBI has risen 400% from the March lows, is that warranted? It looks like in recent weeks considerable register ringing has taken place, so maybe the risk is to the downside going into earnings. The stock has lost the 20ma as support ALL technical indicators are bearish. Previous selloffs have all happened in August, 2007 & 2016 almost to the exact...
With gun sales in the US going through the roof, it shouldn't be any surprise that Smith and Wesson has been doing particularly well. Big volume yesterday and the RSI shows there is probably still value in it. Could be worth a watch. (a 16% trail would keep you in most of the trade if you wanted to run a tighter stop).
Confirmed MVB sell signal in Swith & Wesson. Daily Strategist subscribers entered this position with us at 21.65 using Sep 22.5 puts. Initial stop set at 24.00. You can find out more about this indicator, as well as following us on trades like this one, by using the links in our signature below.
NASDAQ:SWBI NYSE:RGR Watch for the circled area for the rebound or continued downtrend. Gun makers SWBI and RGR with copy paste stock performance.
first ath break failed but succeeded next day.