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Look for Shares of The Stanley Works to Potentially Pullback after Yesterday's 3.23% Rise

By David Diaz

The Stanley Works (NYSE:SWK) traded in a range yesterday that spanned from a low of $134.00 to a high of $137.90. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $132.94 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of The Stanley Works on January 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.15. Since that recommendation, shares of The Stanley Works have risen 10.4%. We continue to monitor SWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, The Stanley Works has traded in a range of $88.72 to $137.90 and is now at $136.68, 54% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: rebounders the stanley works

Ticker(s): SWK