Entering now ! Earning coming in the next days with good expectations... So: technical analysis + fundamental in sync for bulls!!!
Here we have SWK nearing a good resistence. Stoch RSI also in oversold with crossover. Profit zone somewhere near 128-129 mark
We have a dividend paying stock that has had some earnings trouble in the last two quarters which has put this stock in a slump. For the short term, I'm currently looking at an improvement in relative strength with increase in daily volume along with a possible move above support. Earnings are less than a month away and I'm not looking at this as an earnings play....
SWK.. next support is the monthly chart and 200MA..
Buy order set for a break of todays high. Price is oversold on the technicals and broker consensus is 184. Strong consistent financials. My target is 198 with stops at 158.
Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. . SWK is currently trading around $82.20 in a 52 week range of $73.77-$92.76. The company’s stock has been over performing the market this year with shares rallying year to date. Options...