MeatinSpace asks what Redditors think of SWIR, a recent Motley Fool pick.
The stock has had a nice run higher since late September. The stock peaked on October 17 causing the stock to trace out a 50% pullback. That pullback bottomed on November 8 in the Magnet Zone, then went on to break through the previous high. Price has traced another near 50% pullback from the most recent high and has since started to ascend again.
In our view, SWIR is fairly healthy and ready to make a run higher. Buy signals may be taken in this area with a stop in the $18.50 area. If the $18.50 area is broken, long setups should still be preferred as long as price can stay above the $17.50 area.