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After Yesterday's Decline of 3.24%, Stanley Black & Offers Investors Better Value

By Nick Russo

Stanley Black & (NYSE:SWK) traded in a range yesterday that spanned from a low of $121.85 to a high of $124.31. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $126.00 on volume of 718,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Stanley Black & on November 1st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.78. Since that recommendation, shares of Stanley Black & have risen 5.5%. We continue to monitor SWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Stanley Black & have traded between a low of $106.41 and a high of $176.62 and are now at $126.35, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

Keywords: rebounders stanley black &

Ticker(s): SWK