Latham Group had a rough day and is now down -5.82%. Investors weren't too impressed with the future outlook for the asset which caused some selling on weak demand. SWIM is near a weak support line. We'll see if it bounces off or heads lower. The company has been chopping around the last few months without a clear directional momentum. So it may move up from this point, but hard to say.
If the price bounces off of the support and moves up it'll probably head up to the $6.24 level, at which point it may hit some selling pressure. If Latham Group continues to break down lower from here, it'll likely fall until it gets to $4.76 at which point previous buyers at this level may move in and give it support.
