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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 $117.01 on a volume of 754K 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, shares of The Stanley Works have traded between a low of $88.72 and a high of $120.18 and are now at $119.43, which is 35% 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 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 20.0%. 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