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.
Trade attivo
Opened a 1/2 position @ 19.50 Stop below today's low of 18.48Trade chiuso manualmente
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!
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.