Smith & Wesson bouncing off of short-term trend-line
Stock: Smith & Wesson (SWHC)
Long or Short: Long
Entry: 8.66
Stop-Loss: 8.45
Chart: Smith & Wesson (SWHC) Daily
Reason for Trade: Bounce off of short-term trend line and the belief that this stock really doesn’t have any potential (real) catalysts to the downside, because there isn’t likely chnace that any legislation comes out of Congress that would negatively impact their business model.
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