Banking

Smith & Wesson Brands Stock Scores Relative Strength Rating Upgrade

Smith & Wesson Brands (SWBI) stock had its Relative Strength (RS) Rating upgraded from 68 to 71 Friday — a welcome improvement, but still short of the 80 or better score you prefer to see.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Smith & Wesson Brands can continue to show renewed price strength and clear that threshold.


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Is Smith & Wesson Brands Stock A Buy?

After hitting a 52-week high of 39.61 on July 1, Smith & Wesson Brands stock has pulled back to trade just above its 200-day moving average and is not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could launch a new move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

 

The firearms firm showed 89% EPS growth in the latest quarterly report. Revenue rose 19%.

Smith & Wesson Brands stock holds the No. 8 rank among its peers in the Security/Safety industry group. Axon Enterprise (AXON) and Allegion (ALLE) are also among the group’s highest-rated stocks.

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