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Bearish Moving Average Cross by The Stanley Works (SWK)

By James Quinn

The Stanley Works (NYSE:SWK) shares have crossed bearishly below their 10-day moving average of $113.67 on a volume of 120K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

The Stanley Works share prices have moved between a 52-week high of $115.15 and a 52-week low of $88.72 and are now trading 27% above that low price at $113.11 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 1.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of The Stanley Works on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.84. Since that recommendation, shares of The Stanley Works have risen 19.3%. 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