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After Yesterday's Decline of 2.42%, Stanley Black & Offers Investors Better Value

By James Quinn

Stanley Black & (NYSE:SWK) traded in a range yesterday that spanned from a low of $127.55 to a high of $133.35. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $129.74 on volume of 712,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Stanley Black & share prices have been bracketed by a current low of $128.00 and a high of $176.62 and are now at $128.13. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.

SmarTrend is monitoring the recent change of momentum in Stanley Black &. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Stanley Black & in search of a potential trend change.

Keywords: rebounders stanley black &

Ticker(s): SWK