Two excellent swing trades today. The first one Zipcar (ZIP) can be jumped on now at $8.61. The second one, Smith & Wesson (SWHC) you'll want to wait for a bounce back into resistance before getting short.
A quick note on the latter, you'll want to make sure that you recognize that there is a lot of emotion in this stock right now, with the tragic events that took place in Newtown, Connecticut and the possible gun control legislation that might get pushed through, which will undeniably effect SWHC and other related stocks like RGR.
As for the ZIP setup, this stock has ain incredible amount of overhead resistance it is finally breaking through at $8.61. Key is for us to finish above that level today, as it will likely bring new traders in on that play.
Here's today's lazy swing trades long and short:
LONG: Zipcar (ZIP)
SHORT: Smith & Wesson (SWHC)
Be sure to check out Ryan's Swing Trading Strategies at SharePlanner.com
