$SWBI this is just a beginning

NASDAQ:SWBI   Smith & Wesson Brands, Inc
Stock is extremely cheap now. We've seen multi-weak breakout with super powerful catalyst of extremely good earnings . I think this stock could be very long-term runner, especially mentioning 60% raise in dividends.

I have a starter here at $25.85, gonna sell into the strength and keep 50% of my position for the moon-bag with the risk at 10day SMA
Trade active: Trimmed 50% of position here. Left remaing 50% with trailing stop-loss at 10 day SMA
Trade closed manually: All out SWBI - nice swing on very powerful earnings, it can continue the same patterns on the way up after breaking current wedge formed with support at 30

- I sold 50% of my position on the way up at $30 as it was my target and 1.618 fib level
- Sold another 40% with avg. $#5 after spooking shooting star on daily
- left 10% to see how it gonna develop and sold it last Friday when the whole markets were dumpy

Overall I'm really happy with this trade, I totally controlled emotions, had good starting size and was acting according to the plan.


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