$SWBI on Watch List for Swing Trade

$SWBI beat on both earnings and revenue but could not buck the market which speaks to weak RS. However, with the earnings beat I would think this should bounce back. This would only be a swing trade for me as I'm sure possible future regulation changes weigh on it's valuation. I have an alert set at $19.40. If it can get over that price I'll look for a good entry and look for it to test recent highs which could be good for a 2 to 3 point gain. All TBD.

Here are the earnings as reported by Earnings Whisper:

Smith & Wesson Brands (SWBI) reported 3rd Quarter January 2021 earnings of $1.12 per share on revenue of $257.6 million. The consensus earnings estimate was $0.82 per share on revenue of $236.7 million. The Earnings Whisper number was $0.91 per share. Revenue grew 54.6% on a year-over-year basis.

Trade active:

Opened a 1/2 position @ 19.50 Stop below today's low of 18.48

Trade closed manually:

3/22 - I don't like the action on this especially the top wick on the day it broke out. I also gave this a little more room on the stop to see if it would work out. It has not, position closed @ $18.18 - Keep those losses small!