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The Stanley Works: 52-Week High Recently Eclipsed (SWK)

By James Quinn

The Stanley Works (NYSE:SWK) traded at a new 52-week high today of $113.56. Approximately 140,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

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.

Over the past year, The Stanley Works has traded in a range of $88.72 to $113.56 and is now at $113.53, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

The Stanley Works (NYSE:SWK) has potential upside of 2.7% based on a current price of $113.53 and analysts' consensus price target of $116.58. The stock should find initial support at its 200-day moving average (MA) of $102.28 and further support at its 50-day MA of $102.11.

SmarTrend is tracking the current trend status for The Stanley Works and will alert subscribers who have SWK in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows the stanley works

Ticker(s): SWK