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Watch for Stanley Black & to Potentially Pullback After Gaining 1.49% Yesterday

By James Quinn

Stanley Black & (NYSE:SWK) traded in a range yesterday that spanned from a low of $153.67 to a high of $155.58. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $154.04 on volume of 543,000 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 tracking the current trend status for Stanley Black & and will alert subscribers who have SWK in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Stanley Black & have traded between a low of $103.86 and a high of $176.62 and are now at $155.49, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.07% higher and 1.35% higher over the past week, respectively.

Keywords: rebounders stanley black &

Ticker(s): SWK