NASDAQ:SWHC SMITH & WESSON HLDG CORP
SWHC yet again beat earnings. This time the aftermath was not well received. From a fibonacci standpoint, it is sitting right around the 26.68 (~26.50) support level. This is a crucial holding point. Further downward could see a drop into the low 20s. Though it is oversold, there is not strong evidence for a pop back to 30. Acc/Dis is declining while Short Interest is rising. TTM Squeeze metric shows plenty of room for stop losses to still be triggered in a blowout. My chart uses fibonacci to compare the last peak and crash. We see the complete breakdown from 0.382 level before. I think it we are at the precipice of a repeat of the last crash. Though I'm long, my gut feeling is definitely .