• Return to Headlines

Look for Shares of Stanley Black & to Potentially Rebound after Yesterday's 3.24% Sell Off

By James Quinn

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.

Over the past year, Stanley Black & has traded in a range of $106.41 to $176.62 and is now at $126.35, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.3%.

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.

Keywords: rebounders stanley black &

Ticker(s): SWK