Yesterday we looked at firearms maker SWHC as bouncing strongly off major support. You might read today’s huge pop in that stock, in the face of a 300-point market decline, as a reaction to Obama being re-elected. In addition, RGR is catching a bid and is up 5%.
The latter did not move much yesterday, but as you can see on the weekly RGR chart below, a move up through $50 gives serious color to another major leg higher for the firearms plays as a group.
Also consider: CAB HIBB JOUT
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