After Yesterday's Rally of 2.44% Shares Could Potentially Pullback
Smith & Wesson (NASDAQ:SWHC) traded in a range yesterday that spanned from a low of $27.89 to a high of $28.57. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $28.20 on volume of 649,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Smith & Wesson share prices have been bracketed by a low of $14.62 and a high of $31.19 and are now at $28.44, 95% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.6%.
SmarTrend is monitoring the recent change of momentum in Smith & Wesson. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Smith & Wesson in search of a potential trend change.
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