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SmarTrend Watching for Potential Pullback in Shares of Stanley Black & After 4.50% Gain

By David Diaz

Stanley Black & (NYSE:SWK) traded in a range yesterday that spanned from a low of $137.04 to a high of $141.16. Yesterday, the shares gained 4.5%, which took the trading range above the 3-day high of $138.51 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Stanley Black & has traded in a range of $106.41 to $155.22 and is now at $140.30, 32% above that low. The 200-day and 50-day moving averages have moved 0.09% lower and 0.07% higher over the past week, respectively.

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