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The Stanley Works Crosses Above its 10-day MA (SWK)

By Shiri Gupta

Today, shares of The Stanley Works (NYSE:SWK) have crossed bullishly above their 10-day moving average of $122.26 on a volume of 293K 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 $124.11 and are now at $123.07, 39% 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 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 27.1%. 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