I4

SWBI hitting two support levels

Long
NASDAQ:SWBI   Smith & Wesson Brands, Inc
After a big move out of the long-term triple top, we pulled back to the 50ma and the .618 fib retracement. This is also in line with the market after today seeming like the bottom to the market correction that occurred last week. This may also have red to green/ green to red tendencies given how one sided the swings were and today was a green day. Looking for a move back to 30.
Comment: Looks great long term too. Will hold half of my position longer term.
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