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Downgrade Alert for Smith & Wesson (SWHC)
[November 02, 2012]

Downgrade Alert for Smith & Wesson (SWHC)

Nov 02, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Smith & Wesson (NASDAQ:SWHC) was downgraded from Buy to Neutral at CL King today. The stock closed yesterday at $8.94 on volume of 3.1 million shares, above average daily volume of 1.9 million. There is potential upside of 42.6% for shares of Smith & Wesson based on a current price of $8.94 and an average consensus analyst price target of $12.75. Smith & Wesson shares should encounter resistance at the 50-day moving average (MA) of $9.78 and support at its 200-day MA of $7.89.

Smith & Wesson Holding Corporation produces handguns, law enforcement products, and firearm safety and security products. The Company also manufactures handcuffs, and markets Smith & Wesson branded bicycles, apparel, and other products. Smith & Wesson's products are sold to law enforcement personnel, military personnel, target shooters, and collectors throughout the world.

Over the past year, Smith & Wesson has traded in a range of $2.72 to $11.24 and closed yesterday at $8.94, 229% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Smith & Wesson and will alert subscribers who have SWHC in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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