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

By James Quinn

The Stanley Works (NYSE:SWK) crossed under its 10-day moving average of $111.60 on a volume of 125K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

The Stanley Works share prices have moved between a 52-week high of $113.69 and a 52-week low of $88.72 and are now trading 24% above that low price at $109.95 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 1.15% 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 17.0%. 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