Smith & Wesson - Russell 3000 Star
The Barchart Chart of the Day belongs to the firearms company Smith & Wesson (SWBI).I found the stock by using Barchart to sort the Russell 3000 Index stocks first by the highest Weighted Alpha, then I used the Flipchart function to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy on 7/14 the stock gained 18.72%.
Smith & Wesson Brands, Inc. designs, manufactures, and sells firearms worldwide. The company offers firearms products, such as revolvers and pistols; modern sporting rifles, bolt action rifles, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands. It also provides manufacturing services, which include forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding to other businesses under the Smith & Wesson and Smith & Wesson Precision Components brands; and sells parts purchased through third parties. The company sells its products to gun enthusiasts, collectors, sportsmen, competitive shooters, hunters, individuals desiring home and personal protection, law enforcement, security agencies, officers, and military agencies. Smith & Wesson Brands, Inc. markets its products through independent dealers, retailers, in-store retails, and direct to consumers; print, broadcast, and digital advertising campaigns; social and electronic media; and in-store retail merchandising strategies. The company was formerly known as American Outdoor Brands Corporation and changed its name to Smith & Wesson Brands, Inc. in June 2020. Smith & Wesson Brands, Inc. was founded in 1852 and is based in Springfield, Massachusetts.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- 353.00+ Weighted Alpha
- 198.54% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 4 new highs and up 13.88% in the last month
- Relative Strength Index 69.14%
- Technical support level at 23.26
- Recently traded at 25.74with a 50 day moving average of 19.15
Fundamental factors:
- Market Cap $1.33 billion
- P/E 29.74
- Revenue expected to grow 24.80% this year
- Earnings estimated to increase 97.60% this year and continue to compound at an annual rate of 15.00% for the next 5 years
- Wall Street analysts issued 2 strong buy and 1 hold recommendation on the stock
- The individual investors following the stock on Motley Fool voted 977 to 71 that the stock will beat the market
- 26,910 investors are monitoring the stock on Seeking Alpha
Disclosure: None.