Gun-related Background Checks in June Broke FBI Record
FBI gun-related background checks in June broke an agency record, and puts the nation on track to also break the Y 2015 record.
The FBI, in its reporting of gun background checks said it processed more than 2.1-M gun-related checks in June, an increase of more than 600,000 over the previous record set last year.
The increase makes June the 14th month running to see a new background check record. The annual record, set in Y 2015, was 23.1-M checks.
Gun and ammo dealers report spikes in gun sales following the deadly terror attack in Orlando, FL, and a subsequent push for new gun control measures in the House and Senate.
Expect breaking records through the November election, and as long as US President Barack Hussein Obama and Hillary Clinton continue to preach gun control to The People.
Trading in Gun manufactures stocks seeing strong action in the wake of the July Dallas massacre.
Smith & Wesson (NASDAQ:SWHC) stock rose more than 4% Friday near an all-time high.
The stock traded at 29.50 closing at 29.07 Friday in New York at 4:30p EDT. Smith & Wesson’s all-time high is 29.37.
On 13 June, a day after a gunman killed 49 people at a nightclub in Orlando, Smith & Wesson rose 6.9%, while Sturm Ruger (NYSE:RGR) shares advanced 8.5%. Sturm Ruger gained about 4.9% Friday.
|HeffX-LTN Analysis for SWHC:||Overall||Short||Intermediate||Long|
|Bullish (0.35)||Bullish (0.36)||Bullish (0.48)||Neutral (0.19)|
|HeffX-LTN Analysis for RGR:||Overall||Short||Intermediate||Long|
|Neutral (0.06)||Bullish (0.25)||Neutral (0.06)||Neutral (-0.14)|
Have a terrific week.