2 Stocks To Watch: Smith & Wesson Holding Corp (SWHC) and Athersys, Inc. (ATHX)
New York, NY – GDP INSIDER – 04/16/2014.
This article discusses two companies: Smith & Wesson Holding Corp (NASDAQ:SWHC) and Athersys, Inc. (NASDAQ:ATHX)
Smith & Wesson Holding Corp (NASDAQ:SWHC) soared yesterday with the stock closing up 15.15% to finish the day at a closing price of $14.97 on higher than average trading volume of 5.93 million, compared to its 30 day average trading volume of 1.06 million after the company announced that it had raised its fiscal fourth quarter earnings estimates from a range of $0.24-$0.26 to $0.34 to $0.36 a share. The US-based manufacturer of firearms also raised its Q4 revenue from a range of $162-$166 million to $175-$179 million. The stock is now trading 14.14% its 50 day moving average of $13.17 and 29.92% above its 200 day moving average of $11.53. Smith & Wesson Holding Corp has been performing well with the stock up 58.08% for the year so far, outstripping the S&P 500 which has gained only 2.32% over the same period. While the MFI of 56.51 is not concerning, the RSI of 73.84 is on the verge of pushing into more concerning territory. That said, the stock could move higher, and these technical are not yet indicating a near term reversal, better to hold than buy at this time.
Athersys, Inc. (NASDAQ:ATHX) continued to decline yesterday with the stock losing an additional $0.35 to finish the day at $2.63, a 11.74% decrease in value from its previous closing price on heavy trading volume of 4.66 million, compared to its 30 day average trading volume of 1.62 million. Despite the loss, the $239.01 market cap biopharmaceutical company, which oscillated between $2.61 and $2.99 during the day, is currently situated 143.52% above its 52 week low of $1.08. Athersys, Inc has been underperforming for the last twelve months, with the stock down 1.09% compared to the S&P 500 which is up 13.12% over the same period. However, the difference has narrowed since the beginning of the year, with the stock gaining 66.46% year to date, compared to the S&P 500 which is up only 2.32% for the same period. With RSI of 41.49 and one year price target estimate of $6, the stock has an upside potential, making it a hold and potential buy at this time.
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