TMCnet News
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 [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |