Smith & Wesson Holding Corporation (SWHC) Shares are Up 1.06%

Smith & Wesson Holding Corporation (SWHC) : Traders are bullish on Smith & Wesson Holding Corporation (SWHC) as it has outperformed the S&P 500 by a margin of 3.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.06% in the last 1 week, and is up 10.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Smith & Wesson Holding Corporation (NASDAQ:SWHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.43 and $28.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.65, notching a gain of 0.63% for the day. The total traded volume was 963,955 . The stock had closed at $28.47 on the previous day.


The stock has recorded a 20-day Moving Average of 3.09% and the 50-Day Moving Average is 14.83%. Smith & Wesson Holding Corporation is up 27.9% in the last 3-month period. Year-to-Date the stock performance stands at 30.35%.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.

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