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After Yesterday's Rally of 2.45% Shares Could Potentially Pullback

By Amy Schwartz

Stanley Black & (NYSE:SWK) traded in a range yesterday that spanned from a low of $114.65 to a high of $117.34. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $113.60 on volume of 983,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $115.47, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Stanley Black & on September 28th, 2018 by issuing a Downtrend alert when the shares were trading at $146.98. Since that call, shares of Stanley Black & have fallen 23.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders stanley black &

Ticker(s): SWK