Smith and Wesson (SWHC) NewsBite - Afghanistan Troop Buildup Lifts SWHC

Posted: Tuesday, December 01, 2009 11:28 AM EDT

Smith and Wesson (NasdaqNM: SWHC) opened at $5.11. So far today, the stock has hit a low of $5.05 and a high of $5.42. SWHC is now trading at $5.40, up $0.46 (9.31%). Over the last 52 weeks the stock has ranged from a low of $2.02 to a high of $7.52. SWHC shares are rising ahead of a speech by President Obama tonight outlining his plan to increase US troop levels in Afghanistan. SWHC is a military contractor, the added troops could lead to more orders from the military. Technical indicators for the stock are neutral and S&P gives SWHC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SWHC the stock seems like it could be a candidate for a March covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (SWHC)