Replies to post #735 on American Outdoor Brands Corp (AOUT)

[maksim]

Why is anyone buying beyond covering shorts?
There is nothing technically sound as for it to go back up.

http://stockcharts.com/h-sc/ui?s=SWHC&p=D&b=3&g=0&id=p96319899005

Look at the chart. It just closed in the bottom bollinger band channel, and a strong signal of it turning south, add in RSI, MACD turning down, and money flowing out....

If you want to buy in.... I would put in a price of $8.50 and pray for a bounce.


Fundamentally there are reasons to own SWHC... but don't try to catch a knife. Wait for it to bounce.

Disclosure... I do own $9 puts. Would go long around $5 or so.