Saturday, March 28, 2009

Smith & Wesson gun play

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When the economy goes south and the government gets big the people know its time to hunker down. And they load up for bear. Not surprisingly, a stock like Smith & Wesson (NASDAQ:SWHC) is a big winner. It is up 170% in 2009. Indeed, from its low of $1.53 at the end of October (not coincidentally on the eve of Barrack Obama’s electoral victory) SWHC now finds its way to last week’s high of $6.89. Trading in the stock was especially robust in recent weeks. The stock has been a Stock Trends Pick of the Week selection and is a Bullish Crossover Prediction.

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