• Return to Headlines

The Stanley Works Bullish Moving Average Crossover Alert (SWK)

By James Quinn

Today, shares of The Stanley Works (NYSE:SWK) have crossed bullishly above their 10-day moving average of $136.81 on a volume of 191K 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.

In the past 52 weeks, The Stanley Works share prices have been bracketed by a low of $88.72 and a high of $140.06 and are now at $137.07, 54% above that low price. 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 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 13.4%. 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