A rising market that has taken the Nasdaq to an all-time high has pushed a few quality stocks to new highs.
Gun maker Smith & Wesson (SWHC), which meandered out of a cup-with-handle base with a 29.85 buy point, shot to a new high Thursday morning, but it turned out to be a misfire, and the stock returned to the day’s starting point within minutes. It finished even at 29.89 in light trade.