jaxdog

$SWK - New Stage 2 Base Breakout?

Long
NYSE:SWK   Stanley Black & Decker, Inc
I took a stater position in $SWK here as it comes up and over the 30 week MA. I had this on my watch list and it got away from me yesterday. I look at this as a low risk entry as my stop will be on a close below the 30 week MA which is not to far down. If this is the beginning of a stage 2 breakout I'm early and will have an opportunity to build the position out. All TBD . Ideas, not investing / trading advice.
Trade closed: stop reached: I held this way past my stop and sold on Dec 1 for about a 10% loss. Way too much. Note to self, honor the initial stop. You can always buy it back.

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