The Stanley Works Bullish Moving Average Crossover Alert (SWK)
Today, shares of The Stanley Works (NYSE:SWK) have crossed bullishly above their 10-day moving average of $113.03 on a volume of 185K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, The Stanley Works has traded in a range of $88.72 to $115.15 and is now at $114.87, 29% 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 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 17.5%. 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