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Smith & Wesson (SWHC) NewsBite - SWHC Rises on TASR Profit
Posted on Thursday, February 14, 2008 1:43 PM
Smith & Wesson (SWHC) opened at $5.66. So far today the stock has hit a low of $5.5 and a high of $5.78. SWHC is now trading at $5.58, up 0.08 (1.45%). After hitting a one-year high of $22.80 in August, the stock hit a one-year low of $3.72 in January. SWHC shares are rising today after competitor Taser International (TASR) reported a fourth-quarter profit of $4.7 million, or 7 cents per share, in line with analyst estimates. Technical indicators for SWHC are neutral and improving. If you’re looking for a hedged play on this stock, consider a March bull-put credit spread below the $5 range. SWHC hasn't been below 5 since coming out of a trough earlier this month, and could lose up to 10.3% before this trade loses money. [LHF- Seven Summits Strategic
http://www.marketintelligencecenter.com/articles/533022