( Yesterday close ) Chart courtesy of stockcharts

Smith & Wesson Holding shares are trading up more than 4% in today session, after company said on Thursday that its fiscal first-quarter profit rose 39% due to strong firearms sales, contributions from a recent acquisition and the hunting season. Looking at the daily chart, it seems to me that stock is ready to breakout this ascending triangle soon , so please keep an eye on SWHC for a possible breakout over $22.50. MACD K line is on top of D line and RSI continues to move up within Bullish territory, so Bulls are controling stock.


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