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Stanley Black & Rises 4.50% on Heavy Volume: Watch For Potential Pullback

By James Quinn

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.

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.

Stanley Black & share prices have moved between a 52-week high of $155.22 and a 52-week low of $106.41 and are now trading 32% above that low price at $140.30 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders stanley black &

Ticker(s): SWK