Sunday, June 5, 2011

Smith And Wesson

SmarTrend identified a Downtrend for Smith & Wesson (NASDAQ:SWHC) on March 14, 2011 at $3.46. In approximately 3 months, Smith & Wesson has returned 4.2% as of today's recent price of $3.32.
In the past 52 weeks, shares of Smith & Wesson have traded between a low of $3.27 and a high of $4.60 and are now at $3.32, which is 2% above that low price.
Smith & Wesson is currently below its 50-day moving average of $3.50 and below its 200-day moving average of $3.70. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has remained constant.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Smith & Wesson.