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Shares of The Stanley Works Rise Above Previous 52-Week High

By Shiri Gupta

Shares of The Stanley Works (NYSE:SWK) traded today at $137.90, breaking its 52-week high. Approximately 547,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Based on a current price of $135.06, The Stanley Works is currently 1.3% above its average consensus analyst price target of $133.33. The stock should discover initial support at its 50-day moving average (MA) of $104.69 and subsequent support at its 200-day MA of $102.43.

The Stanley Works is a diversified worldwide supplier of tools and engineered solutions for professional, industrial and construction and do-it-yourself use. The Company's products include mechanical and electronic security products and systems, professional industrial and automotive mechanics tools, hand tools, consumer mechanics tools, storage systems, pneumatic tools, and fasteners.

In the past 52 weeks, The Stanley Works share prices have been bracketed by a low of $88.72 and a high of $137.90 and are now at $135.06, 52% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

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 10.4%. We continue to monitor SWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows the stanley works

Ticker(s): SWK