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Bullish Moving Average Cross by Stanley Black & (SWK)

By Nick Russo

Today, shares of Stanley Black & (NYSE:SWK) have crossed bullishly above their 10-day moving average of $141.83 on a volume of 199K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Stanley Black & have traded between a low of $103.86 and a high of $176.62 and are now at $142.16, which is 37% above that low price. 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 its subscribers protect gains by selling shares of Stanley Black & on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $151.51. Since that call, shares of Stanley Black & have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses stanley black &

Ticker(s): SWK