SPWH has been on a YTD downtrend SHORT

NASDAQ:SPWH   Sportsman's Warehouse Holdings, Inc.
SPWH, a sports and recreational retailer had a bad week or two as seen on the 60-minute

chart. Reversion to the mean and the rubber-band perspective says that what goes down

must go up. SPWH has fallen into deep undervalued territory. It has been down trending for

most of this year. At the moment it might be correcting into a short trade or put option entry.

SPWH trend down might get synergy from the S & P helping entrench the trend down.

I will zoom into the 5-30 minute time frames and short SPWH from a pivot high. I may take

a large number of shares and then hedge the position with a couple of call options above the

current money with an expiration of 4-6 week for purposes of risk management and insurance

against a reversal in the price action.

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