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Bearish Moving Average Cross by The Stanley Works (SWK)

By Amy Schwartz

The Stanley Works (NYSE:SWK) crossed under its 10-day moving average of $130.58 on a volume of 157K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, The Stanley Works has traded in a range of $88.72 to $136.90 and is now at $129.28, 46% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of The Stanley Works on January 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.15. Since that recommendation, shares of The Stanley Works have risen 8.9%. We continue to monitor SWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses the stanley works

Ticker(s): SWK